The UK’s Financial Conduct Authority (FCA) unveiled a roadmap to aid asset managers in adopting blockchain for fund tokenization, aiming to boost innovation and growth. Tokenized products can enhance competition, cut costs, and expand investment access. The FCA is exploring regulatory changes to accommodate widespread tokenization. Coinbase recently urged support for blockchain innovation in the UK.

The FCA’s plan includes guidelines for operating tokenized fund registers and a simplified dealing framework. It also plans to explore regulatory evolution as tokenization grows. Critics have slammed the UK’s crypto regulation approach, with industry pressure leading to the FCA lifting a ban on crypto ETNs for retail investors. The Bank of England is reportedly easing limits on stablecoin holdings.

Read more at Cointelegraph: UK’s FCA Unveils Roadmap to Support Blockchain-Based Fund Tokenization