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British Pension Giant L&G Is Looking To Enter The Crypto Tokenization Space

London-based financial firm Legal & General (L&G) is considering offering blockchain-based money market funds, following in the footsteps of other major traditional players in the industry. L&G, which has assets valued at $1.5 trillion, is exploring ways to tokenize its investment management liquidity funds, according to its global head of trading. The move towards digitizing the fund industry aims to improve efficiency, reduce costs, and provide a wider range of investment solutions to investors. L&G's interest in blockchain technology began in 2019 when it announced plans to use Amazon Web Services' managed blockchain system for its insurance business.

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