Reported 18 days ago
The UK's Financial Conduct Authority (FCA) has announced a comprehensive plan to integrate tokenisation into its $19 trillion asset management sector, aiming to enhance innovation and bolster the UK's position in global finance. The initiative includes new guidelines for fund tokenisation and a framework for utilizing blockchain technology in transactions, promising cost savings and improved transparency in asset management. This push coincides with broader efforts to advance digital finance policies and attract blockchain activity in the UK.
Source: YAHOO