UK pension giant L&G seeks to enter cryptocurrency tokenization space
Legal General (LG), a pension and investment management company headquartered in London that manages $1.5 trillion in assets, is planning to enter the increasingly popular field of blockchain-based tokenization. Tokenization, which represents traditional assets such as money market funds supported by U.S. Treasury bonds through tokens on the blockchain, is becoming more popular among traditional financial companies. This trend has further accelerated with the world's largest asset management company, BlackRock, launching its BUIDL fund on the Ethereum blockchain. Other companies include Franklin Templeton, State Street, and Abrdn. LG executives said, "We are evaluating ways to provide Legal General Investment Management liquidity funds in tokenized form."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget donates HK$12 million to support fire rescue and reconstruction efforts in Tai Po, Hong Kong
Bitget Spot Margin Announcement on Suspension of ELX/USDT Margin Trading Services
Enjoy perks for new grid traders and receive dual rewards totaling 150 USDT
Bitget Spot Margin Announcement on Suspension of BEAM/USDT, ZEREBRO/USDT, AVAIL/USDT, HIPPO/USDT, ORBS/USDT Margin Trading Services
