UK Regulators Unveil Blueprint for Asset Tokenization in Wholesale Markets

The Financial Conduct Authority (FCA) and the Bank of England on Monday (May 18) issued a joint framework to accelerate tokenization within the U.K.’s wholesale financial markets. The initiative seeks to provide the regulatory and technical certainty institutional firms require to transition digital asset technology from experimental pilots into mainstream production. Tokenization creates digital representations of real-world assets, such as shares or bonds, on a distributed ledger.