UK FCA Seeks to Boost Innovation with Ethereum-Based Tokenized Funds

The UK Financial Conduct Authority (FCA) is exploring the use of public blockchains like Ethereum to issue tokenized funds, aiming to attract younger investors and foster innovation. The proposal aims to modernize asset management practices by increasing efficiency and accessibility while attracting a new generation of digitally savvy investors. This initiative will see traditional asset managers explore pilot projects with the FCA’s guidance, potentially transforming the industry.