UK's L&G to offer tokenized money market fund via Calastone network

UK asset manager Legal & General (L&G) is set to bring its money market funds on-chain via the Calastone tokenization network, Cointelegraph reported. The move is designed to allow investors to access and transfer fund shares using a digital infrastructure that replaces traditional settlement systems. The fund, which manages 50 billion pounds (around $63.5 billion) in assets, invests in high-quality, short-term instruments such as government bonds, bank deposits, and corporate bonds.