Role for compliance as FCA urges U.K. asset managers to take up tokenization tech
By 
Ruth Prickett2025-10-30T19:44:00
The U.K. Financial Conduct Authority (FCA) has opened a consultation on its plans to support “tokenization” – the digital representation of assets on distributed ledger technology (DLT). It is calling for firms to respond to the consultation before November 21.
The financial regulator said in a press release on Oct. 7 that it wants to provide clarity and support the adoption of this new technology to help the sector grow. The U.K.’s asset management sector currently comprises around 2,600 firms managing £14 trillion of assets for U.K. and global clients.
Related articles
-
News BriefAtkins says SEC to embrace innovation, criticizes regulatory uncertainty around tokenization
SEC Chair Paul Atkins pointed to the growth of tokenized shares as a key development reshaping private markets, suggesting the agency is preparing to update its rules to keep pace with new forms of digital asset trading and settlement.
-
Basic PageUnicoin defrauded investors through future crypto token scam, SEC alleges
The Securities and Exchange Commission has charged cryptocurrency company Unicoin, three top executives, and its general counsel with defrauding investors of $110 million by selling them bogus “rights certificates” in a future cryptocurrency coin.
-
News BriefCFPB scraps bad-actor registry, citing cost-benefit issues
The Consumer Financial Protection Bureau shut down a registry of non-bank financial firms that broke consumer laws. The agency cites the costs being ”not justified by the speculative and unquantified benefits to consumers.”