Financial Times · Cointelegraph
UK regulators to prepare tokenized gold framework: Report
Compiled by KHAO Editorial — aggregated from 1 source + 4 references discovered via search. See llms.txt for citation guidance.
◌ Single Source
The UK’s FCA is reportedly preparing a regulatory framework for tokenized gold and how these products may be used as collateral assets in wholesale markets.
Key facts
- London is the world’s largest over-the-counter gold trading hub, accounting for about 70% of global notional gold trading volume, according to the World Gold Council
- The UK’s Financial Conduct Authority (FCA) has reportedly held talks with banks and other industry participants over potential rules for tokenized gold
- The FCA has also sought feedback on the use of tokenized gold as collateral in wholesale markets, Financial Times
- The roadmap also calls for the UK’s first tokenized government bond by early 2027 and seeks to make tokenized securities usable for trading, settlement and as collateral
Summary
The UK’s Financial Conduct Authority (FCA) has reportedly held talks with banks and other industry participants over potential rules for tokenized gold. The FCA has also sought feedback on the use of tokenized gold as collateral in wholesale markets, Financial Times. The regulator is reportedly preparing to outline plans for new regulatory standards for tokenized gold. London is the world’s largest over-the-counter gold trading hub, accounting for about 70% of global notional gold trading volume, according to the World Gold Council.