London-based pension and investment management firm Legal & General (L & G), which manages $1.50 trillion in assets, is planning a foray into blockchain-based tokenization that is increasingly popular with financial giants.
Tokenization - the use of tokens on the blockchain to represent traditional assets such as Treasury-backed money market funds - is becoming increasingly popular among traditional financial firms, a trend that has accelerated with BlackRock, the world's largest asset manager, launching its BUIDL fund on the Ethereum blockchain. Others include Franklin Templeton, State Street and Abrdn.
"We are evaluating ways to offer the Legal & General Investment Management liquidity fund in a tokenised form," the L & G executive said.
UK pension giant L & G seeks to enter the cryptocurrency tokenization space
2024-10-21 08:51:23
Headquarter in london old gold investment management corporate legal &desk3cryptocurrencydesktopCrypto News
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
英国养老金巨头L&G寻求进入加密货币代币化领域Next article：
隐私项目 Ternoa 更新路线图，加速L2组件开发
