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FCA reveals fund tokenization plans to modernize UK asset management

A bitcoin on a computer keyboard
The FCA says digital representation of funds will help the UK stay competitive. Photo: Peter Dazeley/Getty Images

Hameed Shuja

2 min read
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The regulator is seeking industry feedback on proposals to allow the tokenization of assets held in funds.

The UK’s top financial watchdog has thrown its support behind plans to modernize the country’s asset management market by allowing the tokenization of funds. The plans will boost efficiency and innovation in asset management, the FCA has said in a press release.

Around 2,600 firms manage around £14 trillion ($18.74

Tokenization of assets

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