Legal & General : L&G Liquidity Funds Now Live on SS&C’s Calastone Tokenised Distribution Network

About this update from Legal & General Group Plc

Legal & General Asset Management ("L&G") today announces that its suite of liquidity funds is now available on the Calastone Tokenised Distribution (CTD) Network, marking a significant milestone in L&G's digital distribution strategy. The CTD Network-built to seamlessly connect traditional fund products with digital distribution channels - enables investors to access L&G's liquidity strategies in tokenised form via blockchain enabled infrastructure. Calastone, part of SS&C Technologies, provides the underlying technology for token creation, order routing, trade aggregation, reconciliation and on chain settlement functionality, seamlessly integrating with existing fund administration processes. This approach allows L&G to expand distribution reach while maintaining operational efficiency in a safe and secure environment while continuing to provide a strong service to investors. Within L&G Global Markets, liquidity funds are available in US Dollar, Euro and Pound Sterling and aim to provide investors with capital preservation, same day settlement, and a competitive yield. L&G have been a provider for liquidity funds for decades, currently managing over £50 billion in liquidity assets, now available in tokenised format. Tokenisation provides further accessibility for new digital investor segments and supports evolving client preferences for efficient digital solutions. A strategic step in L&G's digital evolution The expansion into tokenised distribution is built upon permissioned access, allowing authorised users to buy, hold and instantaneously transfer tokens within a regulated framework. Calastone's technology is designed to integrate with existing settlement and transfer agent infrastructure, enabling L&G to offer tokenised share classes of existing funds with minimal additional operational complexity and no impact for investors continuing to access the funds via traditional methods. Tokenised versions of the funds will initially be available on Ethereum and EVM compatible blockchains with a wider range of chains to be available over time.

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