The UK’s Financial Conduct Authority (FCA) has launched a consultation proposing a framework for embracing tokenization within asset management and funds. This initiative, as announced by PANews, aims to facilitate the registration of public fund shares on distributed ledger technology (DLT), utilizing blockchain to enhance efficiency and decrease costs in the asset management industry. The FCA’s blueprint model outlines how fund managers can transition their existing fund share registration system to a blockchain-based platform without altering the core regulatory framework. Requirements related to custody, valuation, information disclosure, and investor protection remain unchanged. However, the process of registering shares will now be streamlined via DLT technology.