Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»UK Investment Fund Receives Approval for Tokenization
ADOPTION NEWS

UK Investment Fund Receives Approval for Tokenization

By Crypto FlexsNovember 24, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
UK Investment Fund Receives Approval for Tokenization
Share
Facebook Twitter LinkedIn Pinterest Email

A UK investment fund has received approval for tokenization as the UK government is keen to leverage blockchain technology in the asset management industry, according to The Investment Association.

Fund tokenization has the potential to improve the efficiency, transparency and international competitiveness of the investment management sector, the investment association said in a statement.

Working with the UK Treasury, the Financial Conduct Authority (FCA) and investment managers such as BlackRock, the initial steps were announced today as part of the Technical Working Group of the Government Asset Management Taskforce Roadmap. The report “UK Fund Tokenization – A Blueprint for Implementation” outlines a basic model for tokenization designed to work within existing legal and regulatory frameworks that companies can implement immediately.

This model allows FCA-approved funds to adopt tokenization for sale and redemption transactions if they meet certain criteria, such as an investment portfolio consisting only of mainstream investment assets and maintaining existing valuation and settlement processes.

“Fund tokenization has great potential to transform the way the industry operates by increasing efficiency and liquidity, enhancing risk management and creating more customized portfolios.” Michelle Scrimgeour, Working Group Chair and Chief Executive Officer, Legal & General Investment Management, said: “It’s important that the UK remains at the forefront of technological advancements.”

Sarah Pritchard, Managing Director Markets and International at the FCA, added: “We welcome today’s report, which identifies the way forward for tokenization and concludes that there are no significant regulatory barriers to adoption of the proposed underlying model.”

UK Digital Securities Sandbox

The news comes after UK Chancellor of the Exchequer Jeremy Hunt earlier this week outlined legislation to expand the country’s digital asset sector through the Digital Securities Sandbox initiative.

The Digital Securities Sandbox aims to drive the adoption of digital assets across financial markets and is scheduled to launch in the first quarter of 2024. It differs from the FCA’s Digital Sandbox (launched in August), which aims to support companies in the early stages of digital product development. .

Last June, UK Chancellor Rishi Sunak announced plans to provide regulatory clarity on how cryptocurrency companies must register and operate in the UK and transform the UK into a Web3 hub.

The UK is not the only country looking to advance fund tokenization, with JPMorgan collaborating with asset managers and cryptocurrency projects including WisdomTree, Apollo, Avalanche, LayerZero Labs and Axelar on proof-of-concept blockchain interoperability for investment portfolios. Management last week.

The collaboration, under the Monetary Authority of Singapore’s Project Guardian initiative, is designed to enable fund managers to tokenize, purchase and rebalance real-world asset positions across multiple blockchains.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Exchange Rollish is expanded to 20 by NY approved.

October 2, 2025

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025
Add A Comment

Comments are closed.

Recent Posts

Eightco Holdings Inc. ($ORBS) Expands Its Strategic Vision Into The Enterprise

October 10, 2025

Whale.io Launches Battlepass Season 3, Featuring $77,000 In Crypto Casino Rewards

October 10, 2025

Strengthening the AI ​​Agent Economy

October 10, 2025

‘OG’ Whale Attracts Over $400 Million in Bearish BTC Bet

October 10, 2025

Rhuna Raises $2M Seed Round Led by Aptos Labs to Build Stablecoin Payment Infrastructure for Entertainment

October 10, 2025

Mobile App Change Log 7.17.0

October 9, 2025

Building Tomorrow’s Wealth With Tokenized Gold

October 9, 2025

Dreamcash Celebrates 100,000 Waitlist Signups With Exclusive $50k Giveaway Series

October 9, 2025

Ethereum Price at Risk – Bears Lose Momentum Ahead of New Lows

October 9, 2025

Fanable Gets $11.5M To Power The Future Of Pokémon & Collectibles; $COLLECT Token Farming Goes Live Now

October 9, 2025

Bybit Secures UAE’s First Virtual Asset Platform Operator License From Securities And Commodities Authority

October 9, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Eightco Holdings Inc. ($ORBS) Expands Its Strategic Vision Into The Enterprise

October 10, 2025

Whale.io Launches Battlepass Season 3, Featuring $77,000 In Crypto Casino Rewards

October 10, 2025

Strengthening the AI ​​Agent Economy

October 10, 2025
Most Popular

Ethereum traders see limited ‘upside’ for ETH price above $2.6K.

October 15, 2024

Bitcoin Price Prediction: VanEck’s Bitcoin ETF Trading Volume Soars 1,400% as Experts Say This BTC Cloud Mining Token Could Be the Best Altcoin to Buy Right Now.

February 21, 2024

Trump-Themed MAGA Coin Surges 40% After Assassination Attempt

July 15, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.