Investment managers in the UK are being supported by regulators to utilize blockchain technology for tokenizing funds. This move away from traditional record-keeping systems is seen as a way to make the financial industry more efficient and transparent. The Investment Association (IA) published a report outlining the digitalization of financial services and the benefits of tokenization. The report proposed principles for implementing tokenized funds, including relevance to both domestic and international investors and avoiding a narrow focus. It also emphasized the need for a roadmap for delivery and a focus on competitiveness and efficiency. The fund would need to be established in the UK, be FCA authorized, and adhere to traditional financial industry standards. The UK government expressed its support for this blueprint model and its commitment to fostering innovation in the nation. Recent news also revealed that investment firms in the UK are bolstering their digital assets teams, with many adopting or planning to adopt digital assets strategies.
By
By
By
