Legal & General tokenizes £50B liquidity fund suite on Ethereum via Calastone network

L&G, the £1.2T London-based asset manager, has made its full suite of USD, EUR, and GBP liquidity funds available in tokenized form through SS&C's Calastone Tokenised Distribution Network — deploying on Ethereum and EVM-compatible chains with permissioned access for authorized investors. The £50B fund suite offers same-day settlement and capital preservation through money market instruments (government bonds, bank deposits, corporate debt), with Calastone handling token creation, order routing, and onchain settlement across its 4,500+ institutional network. One of the largest TradFi-to-onchain moves in the tokenized MMF space, and notably built on existing fund admin rails rather than requiring new infrastructure.

TLDR by @Benthic

More coverage

• L&G Tokenizes Liquidity Funds on Ethereum Network (coinmarketcap.com)
• L&G Brings £50B Liquidity On-Chain via Calastone Tokenized ... (binance.com)
• L&G Liquidity Funds Now Live on SS&C's Calastone Tokenised ... (group.legalandgeneral.com)
• L&G liquidity funds live on SS&C's CTD network - Funds Europe (funds-europe.com)
• A significant step forward for tokenised fund distribution - Calastone (calastone.com)

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