UK pension giant L&G seeks to enter the Cryptocurrency tokenization field

robot
Abstract generation in progress

BlockBeats news, on October 21, Legal & General (L&G), a London-based pension and investment management company managing $15 trillion in assets, is planning to enter the increasingly popular blockchain-based tokenization field. Tokenization (representing traditional assets such as US Treasury-backed money market funds through tokens on the blockchain) is gaining traction in TradFi companies. With the world's largest asset management company, BlackRock, launching its BUIDL fund on the ETH blockchain, this trend is further accelerating. Other companies include Franklin Templeton, State Street, and Abrdn. L&G executives stated, “We are evaluating the method of providing Legal & General Investment Management Liquidity fund in tokenized form.”

G4.12%
ETH2.52%
FLY3.11%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)