Britain’s FCA proposed a framework to let asset managers ‘tokenise’ funds on public blockchains such as Ethereum, aiming to attract younger, blockchain-savvy investors. The plan would allow direct digital access, reduce intermediaries, and lower cost frictions. It could expand fund accessibility and transparency. The FCA is seeking feedback on integrating stablecoins for settlement. While not yet allowing direct crypto investments, the shift signals growing institutional acceptance of financial tokenisation.