UK FCA Approves Blockchain Fund Registers and Direct-to-Fund Model
The UK’s financial watchdog has moved tokenization out of the marketing sludge and into regulated finance. The Financial Conduct Authority (FCA) has approved rules that let asset managers use blockchain-based registers as the official record of fund ownership, alongside a new Direct-to-Fund model that cuts out intermediaries in fund dealing. PS26/7 makes onchain fund registers […]
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