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The UK asset management firm Legal & General Asset Management, through Calastone’s tokenized distribution network, has enabled on-chain issuance and distribution of more than £50 billion (approximately $68 billion) in liquidity funds it manages, offering money-market-style products in the form of tokenized shares. The related system uses blockchain technology to process issuance, trading, and settlement, and supports USD, EUR, and GBP pricing with same-day settlement. Investors can buy, sell, and transfer shares within a regulated permissioned network, and the products are live on Ethereum and compatible chains. (CoinDesk)