The Investment Association has called on the government and FCA to “work at pace” to establish a framework for tokenised or blockchain-traded funds to operate in the UK.
According to the IA, which represents the UK's £10trn asset management industry, this will reduce administrative costs for consumers and improve efficiency through quicker settlement and improved transparency of transactions. Blockchain-traded funds, which would issue digital tokens to investors instead of traditional shares or fund units, may also broaden the assets held within a fund by increasing access to private markets and illiquid assets, the association said. UK's bid for crypto hub: Is the future tokenised funds? "With the ever-quickening pace of technological change, th...
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