November 23, 2024

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UK regulator advocates for asset managers to tokenize funds

1 min read
UK regulator advocates for asset managers to tokenize funds

Investment managers in the United Kingdom are receiving regulatory support to leverage blockchain technology for the tokenization of funds, breaking away from conventional record-keeping systems.

In a recent report

This follows recent news that investment firms in the UK have been strengthening their staff dedicated to digital assets.

On September 10, Cointelegraph reported that one-quarter of asset managers and hedge funds in the U.S., UK, and Europe have recruited senior executives to oversee digital asset strategies.

According to a survey, 24% of asset management firms adopted a digital assets strategy, with an extra 13% planning to do so in the next two years.

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