UK regulators to prepare tokenized gold framework: Report
Summary
The UK Financial Conduct Authority has reportedly discussed potential rules for tokenized gold with banks and other market participants, and has also sought views on using tokenized gold as collateral in wholesale markets. It is preparing to outline new regulatory standards. The move fits a broader UK push to expand tokenized financial markets. London remains the world’s largest over-the-counter gold trading hub, handling about 70% of global notional gold trading volume. A government-backed task force has said tokenization could add up to £33 billion annually to the UK economy by 2035 and wants the first tokenized government bond by early 2027.
