The UK FCA allows asset management companies to use blockchain for fund tokenization

ChainCatcher news, the UK's Financial Conduct Authority (FCA) announced on Tuesday a roadmap to help asset management companies adopt blockchain technology for fund tokenization. The initiative aims to provide regulatory clarity for businesses and promote innovation and growth in asset management.

FCA Executive Director Simon Walls stated that tokenization has the potential to bring fundamental changes to the industry and consumers. The roadmap includes guidelines for registering tokenized funds under existing rules, a streamlined trading framework, and blockchain-based settlement solutions.