UK proposes tokenised funds framework to modernise asset management

The UK’s Financial Conduct Authority (FCA) introduced a draft framework enabling tokenisation of investment funds, allowing direct blockchain-based fund access. Under the proposal, investors could subscribe directly into tokenised funds without intermediaries. The move aims to speed settlement, reduce costs, and promote innovation. Asset managers like BlackRock and Franklin Templeton are already exploring tokenised fund structures. The FCA expects feedback by mid-December and sees tokenisation as a key lever for UK competitiveness in digital finance.