FCA Launches Fund Tokenization Initiative on Public Blockchains

The Financial Conduct Authority (FCA) has announced a groundbreaking initiative to allow for the tokenization of investment funds on public blockchains like Ethereum. This move aims to unlock greater financial accessibility and innovation for younger investors, especially those who are digitally savvy. The UK’s asset management sector holds £14.3 trillion in assets, presenting an opportunity for significant growth through this initiative. The FCA is collaborating with industry experts to design the program, emphasizing a focus on streamlining operations while ensuring regulatory compliance.