UK’s FCA Proposes Tokenized Funds on Public Blockchains

The UK Financial Conduct Authority (FCA) is proposing a revolutionary approach to asset management by enabling tokenised investment funds on public blockchains like Ethereum. This initiative aims to modernize the industry and attract younger demographics, potentially establishing the UK as a global leader in blockchain finance.    

The FCA’s plan seeks to provide clarity and confidence for asset managers navigating this new field. By enabling tokenized funds on public blockchains, the FCA hopes to stimulate growth in the UK’s already substantial $19 trillion asset management industry.