The Financial Conduct Authority issued the final rules on Thursday that allow asset managers in the United Kingdom to keep official investor records on blockchain technology, and introduced an optional model for direct dealing with funds that removes intermediaries from fund transactions.


The changes, outlined in Policy Statement PS26/7, take effect immediately. They apply to approximately 2,600 companies managing assets valued at around £16.5 trillion across the UK market.
This policy formalizes a framework the regulator has tested since January 2025, when the first tokenised investment fund was licensed in the UK under the sector’s “Scheme” model. Policy PS26/7 turns this pioneering experiment into permanent rules.
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