According to a policy statement released on Thursday, the UK’s Financial Conduct Authority (FCA) introduced new rules to facilitate blockchain integration in asset management. The framework permits authorized funds to maintain investor records on distributed ledger technology (DLT) systems, including public blockchains, while meeting FCA security standards. The FCA has already approved the first tokenized UK UCITS under the new framework. Additionally, the regulator introduced an optional Direct-to-Fund (D2F) model, where the fund or depositary acts as counterparty to investor trades, streamlining on-chain settlement processes.
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