FCA welcomes first industry report from Project Guardian on tokenisation

Article summary

The Financial Conduct Authority (FCA) has welcomed the first industry report on tokenisation from Project Guardian, an initiative led by the Monetary Authority of Singapore and to which the FCA contributed. The report focuses on the use of fund and asset tokenisation. It presents a phased vision for distributed ledger technology (DLT) in asset management and discusses potential industry and regulatory standards needed to scale tokenisation use-cases and benefit firms and investors.