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.