GOOD DEVELOPMENT, PEOPLE. Investment Funds in the UK Granted Permission for Digital Tokens
Investment funds in the UK have received the green light to tokenize their funds.
A study jointly conducted by the Ministry of Finance, the Financial Conduct Authority (FCA) and BlackRock evaluated the potential impacts of tokenizing investment funds.
According to the statement made by the Investment Association, tokenizing funds can provide benefits in terms of efficiency, transparency and international competition.
In the report published by the Ministry, FCA and BlackRock, details were shared on how funds can be tokenized within the framework of current legislation. Fund managers can put this information directly into practice.