UK FCA issues guidelines on tokenised funds to support blockchain applications

Techub News, according to AMBCrypto, the UK Financial Conduct Authority (FCA) has issued new guidance supporting the adoption of tokenized funds, allowing asset management companies to use blockchain infrastructure within the current regulatory framework, and introducing a Direct-to-Fund model to enable direct transactions between investors and funds. The guidance clarifies that fund records can be stored on blockchain systems, including public chains, and that on-chain records can serve as the primary ledger under appropriate controls. This move aims to reduce operational costs and improve efficiency, but the full integration of crypto-native systems and stablecoin settlement will still need to be implemented in phases.