Financial Conduct Authority (FCA) Supports Fund Tokenization in New Strategy

altcoin chronicle

25 Mar 2025

The UK's Financial Conduct Authority has unveiled a five-year plan to assist asset managers in tokenizing their offerings, aligning with a broader pro-growth and tech-positive agenda.

Tokenization enables the digital representation and trading of investment fund shares using distributed ledger technology, akin to blockchain. This initiative aims to bolster international competitiveness while maintaining consumer protection and market integrity.

The FCA also plans to establish a permanent presence in the US and Asia-Pacific to strengthen global regulatory relationships.

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China Debates Management of Seized Cryptocurrencies

Russia Advocates for Development of Domestic Stablecoins

Kraken Lays Off Hundreds Ahead of Planned IPO

Bhutan Embraces Green Cryptocurrency Mining to Boost Economy