UK's FCA Develops Regulatory Framework for Tokenized Gold
The UK's Financial Conduct Authority (FCA) is preparing a regulatory framework for tokenized gold, aiming to maintain London's status as a leading bullion hub. Discussions with major banks are underway to establish standards for using tokenized gold as collateral in wholesale markets.
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UK’s FCA to regulate tokenized gold to preserve London’s place as the top hub for bullion
The FCA said it will 'have more to say on' their approach to tokenization, as it draws up rules to put assets on the blockchain.
UK regulators to prepare tokenized gold framework: Report
The UK’s FCA is reportedly preparing a regulatory framework for tokenized gold and how these products may be used as collateral assets in wholesale markets.
UK FCA prepares tokenized gold framework with major banks
The FCA is discussing tokenized gold standards with banks as UK regulators explore its use as wholesale collateral under existing market rules.