The Chair of the UK’s Financial Conduct Authority (FCA), Ashley Alder, said a blueprint for fund tokenization would be released later this year. Earlier this year, the FCA published a discussion paper on improving asset management, including the potential for tokenization.
There’s already been a tech sprint with the industry on the topic of distributed ledger technology (DLT) to test potential rule changes.
A common theme with asset management and tokenization is the global nature of markets. Hence, the FCA wants the UK’s rules to interact with those in other jurisdictions and avoid complexity.
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