UK FCA issues guidance to support innovative development in the fund tokenization sector

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BlockBeats News, April 30, according to official information, the UK Financial Conduct Authority (FCA) has issued new guidance that clarifies how firms can use distributed ledger technology (DLT) within the existing rules framework of the regulator.

The new rules will also improve fund trading efficiency, including the introduction of an optional “Direct to Fund (Direct to Fund, D2F)” mode, so that investors can trade directly with funds whether they are in traditional funds or tokenized funds.

The FCA said it has worked closely with the industry to develop the guidance and rules, to support innovation and improve asset management efficiency.

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