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LIVE UPDATES • UK Pension Powerhouse L&G Ventures Boldly into Crypto Tokenization Market • MEXC Partners with Aptos to Launch Events Featuring a 1.5 Million USDT Prize Pool • Russia and BitRiver Expand Crypto Mining in BRICS Nations • ApeCoin Staking Withdrawals By APE Whale Hit Millions • Crypto PAC Fairshake Raised $29M Ahead of Fierce Political Race • Stripe Secures $1.1B Bridge Stablecoin Payment Push • Plus Wallet Offers Advanced Security & Ease of Use! Insights on LINK & Crypto.com! • BlockDAG Fuels Hype with Extended 50% Bonus While Dogecoin and Dogwifhat Face Setbacks • Catch the Crypto Fever: Solana Soars, Polkadot Struggles, and BlockDAG’s $600M Countdown Begins • XRP price prediction: ‘Giga Pump’ To Set Course For $4 ATH, But This Ethereum Token Will Outperform It By 30,000%

News UK Pension Powerhouse L&G Ventures Boldly into Crypto Tokenization Market 1 min - Around 2 mins mins to read

Key Points:

Legal & General, managing $1.5 trillion in assets, plans to enter the blockchain tokenization space, following industry giants.

The tokenization of traditional assets has gained traction, especially after BlackRock launched its BUIDL fund on Ethereum.

The London-based Legal & General (L&G Ventures), one of the UK’s most significant pension and investment managers, will plunge into the fast-growing blockchain-based tokenization space.

Legal & General Explores Blockchain Tokenization Opportunities

With a management portfolio of about $1.5 trillion in assets under management, L&G Ventures is about to tap into this novel frontier of finance that has recently gained momentum among key financial players.

Tokenization refers to the process by which traditional assets—money-market funds backed, for example, by U.S. Treasuries—are digitized into tokens on a blockchain. A recent trend has taken the fancy of financial giants. The latest was BlackRock, the world’s largest asset manager, joining others to launch its BUIDL fund on the Ethereum blockchain. Other biggies like Franklin Templeton, State Street, and Abrdn followed suit, further endorsing the tokenization idea.

Read more: First Case Involving Illegal Crypto ATMs Charged In UK

L&G Aims to Enhance Fund Efficiency and Accessibility

The global head of trading at LGIM, Ed Wicks, indicated the firm’s direction when he said: “We are considering how to make the Legal & General Investment Management Liquidity funds available in tokenized format.” He indicated that digitising the funds industry would drive efficiency, reduce cost, and extend the availability of investment solutions to an increasingly wide range of investors.

L&G Ventures is not new to blockchain engagement; it has been researching its importance since 2019. Back then, L&G announced it would be using AWS’s managed blockchain system to manage and record bulk annuities for its insurance operations. This is a firm indication of how L&G Ventures is committed to innovation and perhaps also recognizes the transformative influence of blockchain in the financial world. L&G is positioning itself as a key player as this tokenisation trend continues to evolve.

Crypto Tokenization Market L&G Ventures Legal & General UK Pension

Author Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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News

UK Pension Powerhouse L&G Ventures Boldly into Crypto Tokenization Market

Key Points:

Legal & General, managing $1.5 trillion in assets, plans to enter the blockchain tokenization space, following industry giants.

The tokenization of traditional assets has gained traction, especially after BlackRock launched its BUIDL fund on Ethereum.

The London-based Legal & General (L&G Ventures), one of the UK’s most significant pension and investment managers, will plunge into the fast-growing blockchain-based tokenization space.

Legal & General Explores Blockchain Tokenization Opportunities

With a management portfolio of about $1.5 trillion in assets under management, L&G Ventures is about to tap into this novel frontier of finance that has recently gained momentum among key financial players.

Tokenization refers to the process by which traditional assets—money-market funds backed, for example, by U.S. Treasuries—are digitized into tokens on a blockchain. A recent trend has taken the fancy of financial giants. The latest was BlackRock, the world’s largest asset manager, joining others to launch its BUIDL fund on the Ethereum blockchain. Other biggies like Franklin Templeton, State Street, and Abrdn followed suit, further endorsing the tokenization idea.

Read more: First Case Involving Illegal Crypto ATMs Charged In UK

L&G Aims to Enhance Fund Efficiency and Accessibility

The global head of trading at LGIM, Ed Wicks, indicated the firm’s direction when he said: “We are considering how to make the Legal & General Investment Management Liquidity funds available in tokenized format.” He indicated that digitising the funds industry would drive efficiency, reduce cost, and extend the availability of investment solutions to an increasingly wide range of investors.

L&G Ventures is not new to blockchain engagement; it has been researching its importance since 2019. Back then, L&G announced it would be using AWS’s managed blockchain system to manage and record bulk annuities for its insurance operations. This is a firm indication of how L&G Ventures is committed to innovation and perhaps also recognizes the transformative influence of blockchain in the financial world. L&G is positioning itself as a key player as this tokenisation trend continues to evolve.

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Key Points:

Legal & General, managing $1.5 trillion in assets, plans to enter the blockchain tokenization space, following industry giants.

The tokenization of traditional assets has gained traction, especially after BlackRock launched its BUIDL fund on Ethereum.

The London-based Legal & General (L&G Ventures), one of the UK’s most significant pension and investment managers, will plunge into the fast-growing blockchain-based tokenization space.

Legal & General Explores Blockchain Tokenization Opportunities

With a management portfolio of about $1.5 trillion in assets under management, L&G Ventures is about to tap into this novel frontier of finance that has recently gained momentum among key financial players.

Tokenization refers to the process by which traditional assets—money-market funds backed, for example, by U.S. Treasuries—are digitized into tokens on a blockchain. A recent trend has taken the fancy of financial giants. The latest was BlackRock, the world’s largest asset manager, joining others to launch its BUIDL fund on the Ethereum blockchain. Other biggies like Franklin Templeton, State Street, and Abrdn followed suit, further endorsing the tokenization idea.

Read more: First Case Involving Illegal Crypto ATMs Charged In UK

L&G Aims to Enhance Fund Efficiency and Accessibility

The global head of trading at LGIM, Ed Wicks, indicated the firm’s direction when he said: “We are considering how to make the Legal & General Investment Management Liquidity funds available in tokenized format.” He indicated that digitising the funds industry would drive efficiency, reduce cost, and extend the availability of investment solutions to an increasingly wide range of investors.

L&G Ventures is not new to blockchain engagement; it has been researching its importance since 2019. Back then, L&G announced it would be using AWS’s managed blockchain system to manage and record bulk annuities for its insurance operations. This is a firm indication of how L&G Ventures is committed to innovation and perhaps also recognizes the transformative influence of blockchain in the financial world. L&G is positioning itself as a key player as this tokenisation trend continues to evolve.

Visited 1 times, 1 visit(s) today