FCA Launches Consultation on Fund Tokenisation

Key proposals include: 

➡️ Guidance for Firms:  Guidance on operating tokenised fund registers under existing rules and introduce a streamlined dealing model for buying and selling fund units; 

➡️ Roadmap for Tokenisation: A roadmap to address barriers to wider adoption, including the use of public blockchains and on-chain settlement; and 

➡️ Next Steps: Discussion on future tokenisation models and how regulation may need to evolve. 

✅ Firms should assess how tokenisation could enhance fund operations, review  FCA proposals, and ensure governance and controls evolve alongside digital asset adoption. 

📆Firms have until 21 November to provide feedback on chapters 2 to 4 of the consultation through the designated channels.