UK FCA Considers Exempting Rules to Drive Tokenized Gold & Commodities Adoption

UK FCA is preparing possible reforms for tokenized gold products on Monday, potentially exempting tokenized gold from UK fund rules. This would boost adoption by opening London’s bullion reserves up as usable collateral in financial markets. UK FCA Weighs Easing Rules for Tokenized Gold and Commodities The Financial Conduct Authority is considering exempting tokenized gold, possibly broader tokenized commodities, from collective investment scheme (CIS) and alternative investment fund (AIF) rules, FT reported on September 14. This comes amid a move to boost tokenized products by investors across the UK. The regulator is working with HM Treasury and the Bank of…