Legal & General Investment Management (LGIM) is exploring options to offer its Liquidity funds in a tokenized format, according to Ed Wicks, the global head of trading at LGIM. In an email response, Wicks mentioned that the firm is currently evaluating various methods to introduce tokenization to its investment offerings.
Tokenization has gained popularity in the financial industry as a way to digitize assets and improve liquidity. By converting traditional assets into tokens on a blockchain, investors can benefit from increased accessibility and efficiency in trading.
LGIM’s move towards tokenized liquidity funds could signal a broader trend within the investment management sector. As digital assets continue to gain traction, traditional financial institutions are exploring ways to incorporate blockchain technology into their offerings.
While LGIM has not yet finalized its plans for tokenization, the firm’s consideration of this technology showcases the growing interest in digital assets among established financial players. As the industry evolves, we can expect to see more traditional investment products transition into tokenized formats to meet the changing needs of investors.
