UK FCA considers bespoke rules and fund exemptions for tokenized gold: FT
The UK Financial Conduct Authority is weighing whether tokenized gold, and possibly other tokenized commodities, should receive a bespoke exemption from some fund rules as part of a broader effort to expand tokenization in wholesale markets. The FCA, Bank of England, and HM Treasury are reportedly examining whether a tailored regime could clarify how these products are treated under collective investment scheme or alternative investment fund rules. Supporters say tokenized gold could make bullion easier to divide and transfer on digital markets, potentially increasing the use of London’s gold reserves as financial collateral. Market participants have warned that regulatory uncertainty could slow development and restrict investor access. No final decision has been made. The move fits a wider UK regulatory push on tokenization, including possible eligibility of tokenized assets as collateral and ongoing work on stablecoin rules and digital pound interoperability.
