February 20, 2024
"UK Regulator Welcomes Fund Tokenization Plan Proposed by Industry Leaders" by Camomile Shumba on CoinDesk

UK's financial landscape is witnessing yet another groundbreaking moment! Following the recent approval for investment fund tokenization, the Financial Conduct Authority (FCA) has now endorsed a forward-thinking plan for the tokenization of funds, proposed by industry leaders. This marks a significant stride in blending digital assets with traditional finance.

🌟 The Technology Working Group's report, in collaboration with the UK Treasury and FCA, highlights the benefits of tokenization in enhancing efficiency, transparency, and competitiveness in the investment management sector. Michelle Scrimgeour, Chair of the Working Group, emphasizes, "Fund tokenization has great potential to revolutionize our industry..."

Sarah Pritchard of the FCA echoes this sentiment, welcoming the report that lays out a clear path for tokenization, a testament to the UK's commitment to remain at the forefront of technological development in finance.

Read more in this insightful article by CoinDesk at https://lnkd.in/eemqGuy3

As we embrace these changes, the future of finance looks more transparent, efficient, and innovative than ever.

🔸 Zoniqx Integration:

- This development also highlights the role of platforms like Zoniqx, which aid asset managers in tokenizing and managing these digital assets, streamlining the transition from traditional to digital formats.

🔸 We at Zoniqx are paving the way in tokenizing real-world assets! Tokenize Your Assets, Generate Liquidity.

Zoniqx a leading Tokenization Platform as a Service (TPaaS), offers a unique Tokenized Asset Lifecycle Management (TALM) solution, swiftly deploying digital assets securely underpinned by Real World Assets (RWA) through the modern ERC-7518 protocol.

To connect with our team and know more, visit https://lnkd.in/d4BPuxaX