The IA is working with HM Treasury and the FCA via a new working group of the Asset Management Taskforce to deliver an implementation plan for UK fund tokenisation. Contact us to receive further information.
In its February 2023 DP23/2 discussion paper, Updating and improving the UK regime for asset management, the FCA said it was 'open to exploring what would need to be done to enable firms to operate a ‘digital register’'. In our May 2023 response to the paper, we encouraged them to do so.
This page contains resources regarding tokenised funds, sometimes known as "digital", or "on-chain funds"; what they are, why they can add value and how they work.
The IA is currently advocating that UK policymakers enable tokenised funds, as more fully explained in our recent report here.
The IA has published a series of papers over time since 2020 in collaboration with CMS. These papers explore the basics of tokenised funds, the regulatory and disputes considerations, and prospectus disclosures that may be necessary.
We hope these are helpful in explaining the technical aspects that the industry needs to consider to make them an effective proposition for use by members.