According to Foresight News, the UK Financial Conduct Authority (FCA) has been working with a technology task force to develop a blueprint for the tokenization of funds. FCA Chairman Ashley Alder revealed in a speech on Thursday that the task force will release the blueprint later this year. In February, the FCA published a discussion paper on updating and improving the country's asset management system, which included how fund managers can use distributed ledger technology to offer fully digitalized funds to the public.