Ireland Builds Momentum in Fund Tokenisation

Ireland is strengthening its position as a global leader in fund innovation, as momentum in fund tokenisation continues to accelerate across the market.

A key development announced this week sees Legal & General’s Irish-domiciled money market funds becoming available through Calastone’s Tokenised Distribution Network. The move highlights how traditional, regulated fund structures are evolving through digital infrastructure—enabling tokenised access at institutional scale and marking another step forward in the modernisation of fund distribution.

This announcement reflects a broader trend already underway. Through regulated platforms such as Archax, professional investors are currently accessing Irish-domiciled money market funds from major asset managers including State Street, Fidelity International, BlackRock, Federated Hermes and LGIM in tokenised form. The growing number of participants signals that tokenisation is no longer a series of isolated initiatives, but part of a wider shift across the funds ecosystem.

Together, these developments reinforce Ireland’s reputation as a forward-looking and globally competitive funds jurisdiction—combining regulatory strength, operational scale and a clear openness to innovation.

Collaboration will be critical to sustaining this progress. Continued advancement in tokenisation will depend on close alignment between asset managers, service providers, technology platforms and policymakers, as the industry collectively shapes the future of funds—with Ireland firmly at the forefront.