UK FCA considers bespoke rules and fund exemptions for tokenized gold: FT
Unnamed industry participants reportedly warned that UK fund rule uncertainty could slow tokenized gold development and limit investor access.
The United Kingdom’s Financial Conduct Authority (FCA) is reportedly considering whether tokenized gold products should be exempt from some fund rules as part of a broader push to expand tokenization in wholesale markets.
According to a Financial Times report, the FCA is expected to say later on Monday that it is exploring a bespoke regime for tokenized gold, or tokenized commodities, alongside the Bank of England and the HM Treasury.
The FCA is expected to say tokenization could make gold easier to divide and transfer across digital markets, potentially allowing more of London’s bullion reserves to be used as collateral in financial transactions.
