FCA considers exempting tokenized gold from fund rules to defend London market
The UK's Financial Conduct Authority (FCA) is exploring a bespoke regulatory framework for tokenized gold to maintain London's status as a global hub for precious metal trading. This initiative is part of a broader strategy to integrate digital asset innovation into wholesale financial markets.
Why it matters
Establishing clear regulations for tokenized assets could set a global precedent for how traditional financial centers modernize their infrastructure to compete with emerging digital markets.
The Financial Conduct Authority is considering building a “bespoke regime for tokenized gold,” the regulator said on Monday .
"In our discussions with industry on tokenization, tokenized gold has emerged as an area of interest," Jon Relleen, director of infrastructure and exchanges at the Financial Conduct Authority, told the FT prior to the FCA’s announcement. "We're keen to understand whether existing regulatory frameworks remain the right fit for gold markets and how innovation could strengthen the efficiency and competitiveness of U.K. markets".
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in