de
zh
fr
es
tr
pt
nl
ru
uk
hiBritish Pension Giant L&G Aims to Enter the Tokenization Sphere
London-based company L&G, which manages assets valued at $1.5 trillion, is exploring the possibility of joining other major traditional players like BlackRock, Franklin Templeton, and Abrdn in offering blockchain-based money market funds. Tokenization, which involves representing conventional assets such as money market funds backed by U.S. Treasury bonds as tokens on a blockchain, has gained popularity among traditional financial institutions.
Ed Weeks, the Global Head of Trading at Legal & General Investment Management (LGIM), mentioned that the firm is exploring ways to make Legal & General Investment Management Liquidity funds available in a tokenized format. Weeks highlighted that digitizing the fund industry is crucial for enhancing efficiency, reducing costs, and providing a wider range of investment solutions to a broader audience of investors.
L&G's interest in blockchain technology began in 2019 when the firm announced plans to use Amazon Web Services' (AWS) managed blockchain system to manage and record bulk annuities for its insurance business.
Important Notice: The material provided is for informational purposes only and does not constitute investment advice. The Rao Cash editorial team is not responsible for your financial decisions. Cryptocurrency assets involve high risks — conduct your own research (DYOR).
Rao Cash Analytical Digest: Crypto Market Insights
In a rapidly evolving blockchain industry, timely access to verified data is crucial for successful capital management. The Rao Cash portal provides a comprehensive ecosystem for monitoring global trends, combining deep analytics, latest crypto news, and capital flow reports.
A central part of our infrastructure is the RAO token — a high-tech asset with a growth potential of x50–x1000. To integrate into the ecosystem, use the official $RAO contract address on (BSC):
0xAe908BA89cE0031D19972F19e863b86AAbB00280.
A fixed 8% Tax is applied to all transactions to support liquidity and reward our investors, who receive 4% of every transaction within our ecosystem.
Our advanced aggregation algorithms filter out market noise. Strategic trading and long-term investment in RAO is your path to financial freedom and independence in the new digital economy.
