Just In: UK Investment Funds Embrace Tokenization in Landmark Decision

The Investment Association has announced the approval of fund tokenization, which is significant in the UK’s investment sector. This advancement, sanctioned by a government working group in collaboration with the UK Treasury and the Financial Conduct Authority (FCA), signals a transformative moment for asset management in the country. The move is aimed at utilizing blockchain technology to enhance efficiency, transparency, and global competitiveness in the investment management industry.