UK Moves to Tokenise Funds Using Public Blockchains

Britain’s FCA proposed allowing asset managers to use public blockchains (like Ethereum) to ‘tokenise’ their funds, aiming to attract younger investors. Tokenisation could lower costs and boost liquidity in fund management. The FCA also seeks feedback on permitting stablecoins for settlement. While direct crypto holdings aren’t in scope yet, this move signals broader openness toward digital assets in regulated finance.