UK regulator calls for asset managers to tokenize funds

THE United of the Kingdom financial regulator has approved A plan model designed has facilitate THE tokenization of funds For active management businesses.

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Investment managers In THE United Kingdom are receive regulatory support has leverage blockchain technology For THE tokenization of funds, rupture far Since conventional record keeping systems.

In A recent report published by THE Investment Association (AI), he argued that funds tokenization – which refers to has deliverance tokenized units Or actions on distributed register technology (DLT) – will lead has A more effective And transparent financial industry.

In particular, THE to use of A real time save keeping system sharing through all evenings interview THE funds will reduce funds administration costs, simplify THE reconciliation process, as GOOD as allow faster regulation times.

We are excited has announce First of all phase from @hmtreasury Active Management Intervention force - Technology Functioning Group work on exploit THE potential of innovative technologies East NOW complete. Published Today, Great Britain Fund tokenization report, provides THE Green light For THE… pic.twitter.com/thrudAZRqt

— THE Investment Association (@InvAssoc) November 24, 2023

Sarah Prichard, executive director of markets And international has THE Financial To drive Authority (FCA), underlines that while THE regulator East open has exploring innovative tracks For active managers, he must Also trace THE potential risks:

"This East A exciting milestone And paving stones THE path For exploring more transformer to use case In THE future. We to want has support companies has implement technological solution...