UK regulator advocates for asset managers to tokenize funds

Investment managers in the United Kingdom are receiving regulatory support to leverage blockchain technology for the tokenization of funds, breaking away from conventional record-keeping systems.

In a recent report published by the Investment Association (IA), it outlined the rapid movement in the digitalization of financial services. It further argued that tokenization – issuing tokenized units or shares on distributed ledger technology (DLT) – will lead to a more efficient and transparent financial industry. 

We are excited to announce the first phase of @hmtreasury Asset Management Taskforce – Technology Working Group’s work on harnessing the potential of innovative…

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