UK funds given approval to begin tokenisation efforts

‘Blueprint for implementation’

UK funds have been given approval to develop tokenisation, the new Technology Working Group of the government's Asset Management Taskforce has said.

The group, which was established earlier this year, has today (24 November) published a roadmap for the adoption of distributed ledger technology through fund tokenisation. The report, UK Fund Tokenisation - A Blueprint for Implementation, outlined a baseline model for the implementation of tokenisation that can be used within the existing legal and regulatory framework. JP Morgan and Apollo unveil tokenisation project to expand access to private assets This means funds can now implement a baseline approach to tokenisation, providing they meet certain characteristics. These include...