24 Nov 2023

On 24 November 2023, the Technology Working Group (the Group), to the Asset Management Taskforce, published an interim report UK Fund Tokenisation: A Blueprint for Implementation. 

Through close engagement with HM Treasury (HMT) and the Financial Conduct Authority (FCA), the Group has developed a blueprint for implementing the tokenisation of UK investment funds. This blueprint recommends a staged approach to fund tokenisation, starting with a baseline model that could be used within the existing legal and regulatory framework, and progressing to more advanced stages over time. 

This interim report details the first phase of the Group's work on harnessing the potential of innovative technologies for the UK asset management industry. This focuses on the application of distributed ledger technology (DLT) through investment fund tokenisation. 

Tags

News Article The Investment Association Tokenisation

Author

Jacqui Bungay

Jacqui Bungay

Head of Policy, AREF

Jacqui provides policy guidance and secretariat services to AREF’s Board and Management Committee as well as many of AREF's committees and working groups.

Jacqui joined AREF in 2014 after working for over 25 years in fund compliance, client relationships and administration in the trustee and depositary sector.

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