đ Big moves in the blockchain space! Legal & General (L&G), the London-based pension and investment giant with $1.5 trillion AUM, is diving into blockchain-based tokenization! đ
Tokenization, the process of representing traditional assets like U.S. Treasuries-backed funds on a blockchain, is gaining traction. With BlackRock, Franklin Templeton, State Street, and Abrdn already in the game, L&G is next! Ed Wicks, LGIM's global head of trading, emphasized the importance of digitization for efficiency and broader investment access.
What do you think about traditional finance embracing blockchain? Share your thoughts below! đŹ #Blockchain #Tokenization #Finance