Legal & General Asset Management (L&G) has made its liquidity funds available on Calastone’s Tokenised Distribution network (CTD).
This will enable investors to access L&G’s £50bn worth of liquidity strategies through the blockchain, allowing the asset manager to expand its operational reach. The tokenised fund versions will be available on Ethereum and EVM blockchains, with wider chains made available over time.
The Calastone network is also integrated with existing fund administration and transfer infrastructure, allowing users to buy and transfer tokens in a regulated framework.
See also: Aviva Investors and Ripple partner to pursue fund tokenisation
Ross MacDonald, liquidity investment specialist at L&G, said: “Tokenised distribution provides meaningful enhancements in efficiency and reach, and we are excited to partner with Calastone as we accelerate innovation across our liquidity franchise.”
Simon Keefe, head of digital solutions at Calastone, added: “This launch demonstrates how tokenisation can be applied to established fund structures to enhance distribution, improve efficiency and broaden access within a controlled, regulated framework.”
