UK investment funds get green light for tokenisation
UK authorised funds can now develop and implement tokenisation models. The green light comes after the Technology Working Group of the Government’s Asset Management Taskforce published its report on UK fund tokenisation. The HM Treasury and the Financial Conduct Authority (FCA) collaborated on the initiative. UK investment funds have the approval to develop tokenisation, with the development coming after the establishment of a government taskforce on asset management earlier this year. The announcement follows the publication of a report on tokenisation by the Technology Working Group of the Government’s Asset Management Taskforce, the Investment Association (IA) said in a press release. According to the industry body, the ‘ UK Fund Tokenisation – A Blueprint for Implementation ‘ report includes input from HM Treasury and the Financial Conduct Authority (FCA) and provides for a roadmap on use of distributed ledger technology (DL...