Legal & General Plans to Cut About 10% of Staff to Boost Efficiency

This is a mainstream institutional asset manager — not a crypto-native firm — trimming headcount in the name of efficiency, which says more about sector-wide cost pressure than about any digital-asset strategy. The read-across for tokenization and RWA efforts is indirect: L&G has been among the traditional players exploring on-chain investment products, and thinner staffing could either sharpen or slow that work. The item gives no timing or savings figures, so the open question is whether this is a one-off restructuring or the start of broader consolidation among UK asset managers.