Gate News message, April 16 — UK-based asset manager Legal & General Asset Management has tokenized over £50 billion in liquid funds through Calastone’s blockchain-based distribution network. The funds are now available as tokenized shares on the permissioned, regulated network in USD, EUR, and GBP denominations.
The tokenized money market funds support issuance, trading, and same-day settlement, allowing investors to purchase, hold, and transfer shares within the regulated network infrastructure. The assets are deployed on Ethereum and compatible blockchains, with plans to expand to additional networks in the future.
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