Deployments · platform by Calastone

Calastone Tokenised Distribution network

A Calastone service, launched in April 2025, that lets any fund already on its global funds network issue a tokenised share class and distribute it on Ethereum, Polygon or Canton, while transfer agency and administration stay unchanged. Calastone handles token creation, order routing, aggregation, reconciliation and on-chain settlement. Legal & General made its sterling, euro and dollar liquidity funds available on the network in April 2026.

Live (limited) since 14 Apr 2026^[3]i — First named manager live in April 2026; no transaction or token volume disclosed. · Reviewed 13d ago i

Assets

Fund interest^[3]

Tokenised share classes of existing L&G liquidity funds

^[1]

Tokenised share classes of any fund on the Calastone network

Networks

Ethereum Public, permissionless^[1]

Polygon Public, permissionless^[2]

Canton Network Public, permissioned^[1]

Use cases i

Fund subscription and redemption^[3]

Jurisdictions

United Kingdom

Participants

• CalastonePlatform provider, Operator, Technology provider^[1]United Kingdom
• Legal & GeneralAsset manager, Issuer^[3]United Kingdom
• Calastone's funds network of over 4,500 firms in more than 50 markets can use the service; no other managers named.^[1]

Likely relevant regulation i

• FCA fund tokenisation framework (authorised funds, COLL)United Kingdom

Timeline

1. Happened 14 Apr 2026 · Participant joined · recorded 11 Oct 2026
   L&G's liquidity funds go live on the network, first on Ethereum and EVM chains.^[3]
2. Happened 12 Nov 2025 · Scope expansion · recorded 11 Oct 2026
   Tokenised fund share classes become distributable on Polygon.^[2]
3. Happened 3 Apr 2025 · Launch · recorded 11 Oct 2026
   Calastone launches Tokenised Distribution for funds on its network, targeting Ethereum, Polygon and Canton.^[1]

Sources i