Legal & General (L&G), a London-based pension and investment management firm with $1.5 trillion in assets, is exploring entry into the blockchain-based tokenization market. This trend is gaining traction among traditional financial firms following notable moves by major players like BlackRock, which recently launched a fund on the Ethereum blockchain. Ed Wicks, global head of trading at Legal & General Investment Management, indicated that the firm is assessing how to make its liquidity funds available in a tokenized format to enhance efficiency, reduce costs, and create broader investment opportunities. L&G is also looking to leverage blockchain technology for bulk annuities management in its insurance business, further demonstrating its commitment to digital transformation in finance.

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