PANews April 30 News, the UK Financial Conduct Authority (FCA) released the policy statement and supporting guidelines titled "Progressing fund tokenisation," clarifying that asset management companies can use distributed ledger technology (DLT) for fund tokenization within the existing regulatory framework. The new regulation also introduces an optional Direct to Fund (D2F) model, allowing investors to trade directly with traditional or tokenized funds to improve subscription and redemption efficiency. FCA stated that the framework provides operational guidance for funds adopting tokenization and digital cash tools, and as part of the UK asset management industry's digital asset roadmap, it will continue to engage with the industry on the application of DLT in the UK wholesale market.