Legal & General Asset Management (“L&G”) announces that its suite of liquidity funds is now available on the Calastone Tokenised Distribution (CTD) Network, marking a significant milestone in L&G’s digital distribution strategy.

The CTD Network—built to seamlessly connect traditional fund products with digital distribution channels—enables investors to access L&G’s liquidity strategies in tokenised form via blockchain enabled infrastructure. Calastone, part of SS&C Technologies, provides the underlying technology for token creation, order routing, trade aggregation, reconciliation and on chain settlement functionality, seamlessly integrating with existing fund administration processes. This approach allows L&G to expand distribution reach while maintaining operational efficiency in a safe and secure environment while continuing to provide a strong service to investors.

Within L&G Global Markets, liquidity funds are available in US Dollar, Euro and Pound Sterling and aim to provide investors with capital preservation, same day settlement, and a competitive yield. L&G have been a provider for liquidity funds for decades, currently managing over £50 billion ^[1]in liquidity assets, now available in tokenised format. Tokenisation provides further accessibility for new digital investor segments and supports evolving client preferences for efficient digital solutions.

A strategic step in L&G’s digital evolution

The expansion into tokenised distribution is built upon permissioned access, allowing authorised users to buy, hold and instantaneously transfer tokens within a regulated framework.

Calastone’s technology is designed to integrate with existing settlement and transfer agent infrastructure, enabling L&G to offer tokenised share classes of existing funds with minimal additional operational complexity and no impact for investors continuing to access the funds via traditional methods.

Tokenised versions of the funds will initially be available on Ethereum and EVM compatible blockchains with a wider range of chains to be available over time.

Ross McDonald, Liquidity Investment Specialist, L&G

“We are thrilled to make our liquidity funds available on the Calastone Tokenised Distribution Network. This launch represents another important step in our digital asset journey as we continue to expand the ways investors can access our strategies. 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, Calastone

“We are pleased to partner with L&G to make their liquidity funds available on the Calastone Tokenised Distribution Network. 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. We look forward to supporting L&G as they continue to expand their digital distribution capabilities.”

Source: Calastone