The FCA is expected to announce progress on drafting new rules for tokenized digital assets within the next few months. The FCA is drawing up rules for tokenized gold as part of a broader digital asset strategy to preserve London’s dominance in global gold trading. The regulator is consulting financial institutions on how tokenized gold, which represents ownership of physical bullion, could be used as collateral in wholesale markets. The initiative aligns with a wider U.K. push to digitize fina…
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