#calastone

[rwatimes]

Adoption of Tokenization Accelerates Among Asset Managers

Asset managers globally are accelerating their adoption of tokenization, eyeing new revenue streams and operational improvements.

➤ Asset managers are rapidly adopting tokenization, with nearly 75% initiating projects, driven by operational efficiencies and new revenue streams. ➤ Tokenized funds are projected to grow significantly, reaching US$235 billion in AUM by 2029, with money market funds and private markets identified as key use cases. ➤ Strategic partnerships with technology providers and intermediaries are crucial for distribution, while the APAC region faces ecosystem and interoperability challenges despite higher stablecoin acceptance.

[rwatimes]

How L&G Tokenization Signals a Powerful Fund Market Shift

The global asset management industry is undergoing a fundamental transformation, driven by the convergence of traditional finance and blockchain technology. At the center of this shift is tokenization—the process of converting ownership of real-world financial assets into digital tokens that can be traded and transferred on blockchain networks. Legal & General Asset Management (L&G), one […]

➤ Legal & General Asset Management (L&G) has tokenized over £50 billion in liquidity funds, distributing them via Calastone's blockchain network to enhance efficiency and accessibility for investors. ➤ This move aligns with a broader industry trend of major asset managers adopting tokenization, evidenced by significant growth in tokenized U.S. Treasury products and offerings from firms like BlackRock and Franklin Templeton. ➤ While tokenization offers benefits like faster settlement and broader reach, challenges related to settlement mismatches and evolving regulatory frameworks remain key considerations for widespread adoption.

[rwatimes]

L&G Brings £50B Liquidity On-Chain via Calastone Tokenized Network

London-based Legal & General Asset Management has advanced its liquidity funds onto Calastone’s blockchain-powered distribution network, enabling investors to access and transfer fund shares via tokenized infrastructure within a regulated framework. LGAM’s tokenized share classes...

➤ Legal & General Asset Management has tokenized over £50 billion in liquidity funds on Calastone's blockchain network, enabling enhanced access and transferability for investors. ➤ The tokenized funds, denominated in USD, EUR, and GBP, invest in high-quality, short-term money market instruments and will initially be issued on Ethereum and other EVM-compatible networks. ➤ This move signifies a growing trend in tokenizing money market funds, with regulators closely monitoring innovation while balancing it with necessary safeguards.

[rwatimes]

$68B Goes On-Chain: UK Asset Manager Leverages Calastone for Tokenized Funds - Crypto Economy

Traditional funds move to blockchain as a UK asset manager brings $68 billion on-chain via Calastone. Tokenization enables same-day settlement and broader access.

➤ A UK asset manager has tokenized $68 billion in liquidity funds using Calastone's network, enabling same-day settlement across USD, EUR, and GBP. ➤ This move signifies a growing trend of institutional adoption of blockchain for efficiency and broader distribution within regulated environments. ➤ The initiative leverages Ethereum-compatible networks and aims to streamline fund operations, integrating traditional finance with decentralized infrastructure.

[rwatimes]

L&G brings £50B liquidity funds onchain via Calastone tokenized network

Legal & General Asset Management brings £50 billion in liquidity funds onto Calastone’s blockchain-based network as tokenized money market funds expand across markets.

➤ Legal & General Asset Management has tokenized £50 billion in liquidity funds on Calastone's blockchain network, enabling digital access and transfer for investors. ➤ These tokenized funds, denominated in USD, EUR, and GBP, focus on capital preservation and same-day liquidity, investing in short-term money market instruments. ➤ The move signifies the growing trend of tokenized money market funds, with increasing institutional adoption and expansion across various blockchain networks.

[moneymasteryhubonline]

Calastone Taps Polygon to Launch Tokenized Fund Share Classes

Calastone’s exec noted the firm expects rapid expansion from pilot programs to full-scale operations as on-chain adoption grows. Polygon announced today that Calastone, the global funds network, has integrated its tokenised distribution solution with the Ethereum Layer 2 scaling network. The integration enables Calastone’s blockchain-based fund distribution platform to operate on Polygon’s…

[full2njoy]

UK-Based Global Funds Network Calastone Switches Entire System to Blockchain

UK-Based Global Funds Network Calastone Switches Entire System to Blockchain

London-based global funds network Calastone announced that it switched its entire system for fund trade clearing services to its blockchain Distributed Market Infrastructure (DMI) in a press release published on May 20. Per the release, the migration of the company’s over 1,800 customers over 41 markets “represents the largest community of global financial services organisations connecting and…

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[cryptobitnews]

UK-Based Global Funds Network Calastone Switches Entire System to Blockchain London-based global funds network Calastone announced that it switched its entire system for fund trade clearing services to its…