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FCA Drafts Tokenised Gold Rules
UK Regulator Drafts Tokenised Gold Rules to Defend London's Bullion Crown Against China
The UK is building a sweeping crypto and tokenization regulatory framework, increasingly coordinating with the US while racing to lead digital asset markets.
The FCA is in discussions with major banks on a regulatory framework for tokenised gold — blockchain-based claims on physical bullion, aimed particularly at use as collateral in wholesale markets — per Financial Times reporting, with further standards expected in the coming months. Coverage framed the push as defending London's roughly 70% share of global gold trading against competition from Shanghai and Hong Kong. It builds on a May joint paper naming tokenised gold and money-market funds as collateral candidates; nothing is yet live.
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- UK FCA urges asset managers to adopt blockchain, plans framework for tokenized gold · en.coin-turk.com · T2