British asset management firm Legal & General has put over £50 billion of its funds on the blockchain through Calastone.

CoinFeed reported on April 16th, citing CoinDesk, that UK asset management firm Legal & General Asset Management (L&G) has brought its over £50 billion liquidity fund on-chain through Calastone's newly launched tokenized distribution network. The company offers money market funds in USD, EUR, and GBP, issued as tokenized shares on the blockchain infrastructure, supporting issuance, trading, and same-day settlement. Investors can buy, hold, and transfer tokenized shares within a permissioned, regulated network. The fund will launch on Ethereum and compatible blockchains, with plans to expand to more networks in the future. Calastone's system handles token creation, order routing, transaction aggregation, and reconciliation, while also integrating with existing fund management systems.