Altcoins News
By Pankaj K
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How the Calastone Integration Works. The collaboration automates settlement processes that used to require manual oversight.
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Legal & General's Digital Strategy. The £50 billion tokenization fits into Legal & General's broader digital strategy, which has…
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Legal & General Asset Management just moved £50 billion in liquidity funds onto Calastone's tokenized network. The shift started this April.
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The firm teamed up with Calastone, which runs a distributed market infrastructure that tokenizes assets and handles fund transactions.
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Other asset managers are watching. Some are exploring blockchain. But nobody else has committed £50 billion yet.
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The collaboration automates settlement processes that used to require manual oversight. Legal & General can now offer investors quick, reliable transactions instead of the…
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Julian Seaman, Calastone's Chief Product Officer, said on April 15 that the network is built to boost operational efficiency and transparency for asset managers like Legal &…
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The decision came after months of back-and-forth between Legal & General and Calastone. Executives from both companies first talked about this at a financial technology…
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Full market adoption is still early days, though. Regulatory frameworks are evolving. The Financial Conduct Authority is currently reviewing whether these blockchain-based…
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The £50 billion tokenization fits into Legal & General's broader digital strategy, which has been developing since 2025 under CEO Nigel Wilson.
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On April 15, Calastone's CEO, Julien Hammerson, talked about the network's capacity to handle complex transactions. He said it's transforming traditional fund distribution methods.
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Legal & General's plan aims to use blockchain's decentralized nature to reduce risks that come with traditional fund management.
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The timing lines up with increased interest from institutional investors in digital asset solutions.
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But Legal & General hasn't provided specific details about how this will impact their existing client base.
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Regulators haven't fully outlined the guidelines governing blockchain-based financial products yet.
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