UK FCA considers fund rule exemptions for tokenized gold

VERA Brief

AI-generated. Grounded in the article and its cited sources.

The Financial Conduct Authority is considering a regulatory framework to exempt tokenized gold from traditional fund laws. This is to address uncertainty and promote adoption and investor access to these products, while defending London's market.

Key facts

• The Financial Conduct Authority is considering a bespoke regulatory framework for tokenized gold.
• This framework is being developed in conjunction with the Treasury.
• The move aims to address uncertainty about the classification of some tokenized gold products under existing UK fund regulations.
• The FCA stated regulatory uncertainty could impact the adoption of tokenized gold and investor access.
• The exploration is intended to defend London's market.