LIVECan Tokenizing Funds Transform UK’s Asset Management? 🪙
The UK's financial regulator supports a blueprint for asset managers to #tokenize funds using blockchain. This move aims to enhance efficiency and transparency in the industry by leveraging real-time record-keeping on distributed ledger technology.
The FCA emphasizes the need to explore #innovation while managing potential risks. Proposed principles focus on broad opportunities for firms, a clear delivery roadmap, and competitiveness.
Tokenized funds must adhere to existing financial #regulations . The UK government welcomes this initiative, signaling openness to technological innovation in asset management.
Concurrently, investment firms in the UK and Europe are increasingly staffing for digital asset strategies, with a significant percentage already adopting or planning to adopt these strategies in the near future.
