Summary
- Legal & General, or L&G, said it will offer a liquidity fund on-chain through the Calastone tokenization network.
- The fund manages about 50 billion pounds ($63.5 billion) in assets and invests in high-quality short-term assets including government bonds, bank deposits and corporate debt.
- The market sees tokenization of traditional assets as a way to improve liquidity and accessibility, with broader institutional participation and infrastructure development viewed as key factors.
Forecast Trend Report by Period
UK asset manager Legal & General, or L&G, will offer a liquidity fund on-chain through a tokenization network, extending the broader push to digitize traditional financial assets.
Cointelegraph reported on August 15 that L&G plans to use the Calastone tokenization network to give investors access to fund units and allow transfers of those holdings.
The firm said the system is intended to help investors manage assets through digital infrastructure designed to replace existing settlement systems.
The fund manages about 50 billion pounds ($63.5 billion) in assets and invests in high-quality short-term instruments, including government bonds, bank deposits and corporate debt.
Market attention is focused on the expansion of tokenization in traditional assets as a way to improve liquidity and accessibility. Institutional participation and infrastructure development are likely to be key factors going forward.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
