L&G brings £50B liquidity funds onchain via Calastone tokenized network

London-based Legal & General Asset Management is the latest global asset manager to expand distribution across blockchain networks and trading models.

London-based Legal & General Asset Management has made its liquidity funds available in tokenized form through Calastone’s blockchain-based distribution network, enabling investors to access and transfer fund shares via digital infrastructure as an alternative to traditional settlement systems.

According to Wednesday’s announcement, the tokenized share classes are issued with permissioned access, allowing authorized users to buy, hold and transfer them within a regulated environment, while traditional share classes remain available through existing distribution channels.

The funds, denominated in US dollars, euros and British pound sterling, manage more than £50 billion in assets and are designed for capital preservation and same-day liquidity. They invest in high-quality, short-term money market instruments, including government bonds, bank deposits and corporate debt.

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