UK Investment Association Approves Fund Tokenization to Enhance Efficiency and Competitiveness in Asset Management Industry

Cointime2023/11/24 16:57

By: Cointime

The Investment Association has given the green light for fund tokenization in the UK's investment sector, which is a significant development. This move, which was approved by a government working group in collaboration with the UK Treasury and the Financial Conduct Authority (FCA), aims to utilize blockchain">blockchain technology to enhance efficiency, transparency, and global competitiveness in the investment management industry. A blueprint for implementation has been released, which presents a clear model for integrating tokenization within the existing legal and regulatory framework. This initiative allows FCA-authorized funds to engage in tokenized sales and redemption transactions, subject to certain criteria being met.

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UK Investment Association Approves Fund Tokenization to Enhance Efficiency and Competitiveness in Asset Management Industry

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