As asset managers prepare to launch tokenised versions of their funds, key challenges., such as a lack of industry collaboration and regulation, remain as hurdles, a survey has found.
Following the approval for UK funds to begin tokenisation last week (24 November), many asset managers remain cautious about the new technology, the survey from the Investment Association and financial software specialist Bravura revealed. UK funds given approval to begin tokenisation efforts Despite this, 29% of asset managers said they were set to offer tokenised funds within the next one to five years, while over half said they would do so in the next decade. "This figure is likely to rise following the confirmation last week from the FCA that there are no significant regulatory...
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