Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    The 7 Best Crypto & Bitcoin Casinos in the UK (2024)

    January 2, 2024

    UAE introduces digital identity across service systems

    August 3, 2023

    Gateway to Cosmos 2023 is scheduled to happen from June 3-5 in Prague

    June 12, 2023
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      8,000 Bitcoins awaken after 5 years – Whale strategy or ETF play?

      June 14, 2025

      Bitcoin’s High Euphoria Spurs UK Company’s $4.7 Million Buy

      June 12, 2025

      Why are altcoins like Axelar, Aave, Uniswap, Pepe going up today?

      June 10, 2025

      XRP Price Watch: RSI Neutral, MACD Turns Bullish in a Tight Range Battle

      June 9, 2025

      Bitcoin At A Crossroads: $97,000 Cost Basis Holds Key To Next Breakout

      June 8, 2025
    • Technology

      Small caps, big moves: These altcoins outshine Bitcoin

      June 14, 2025

      Comment on Hacker Behind $2M Crypto Hack Offered Role by Targeted Protocol by James Cyrus

      June 13, 2025

      Uniswap (UNI) Gears for Rally as $10.35 Resistance Becomes Make-or-Break Level

      June 12, 2025

      The Blockchain Group Pushes Institutional Crypto Wave in Europe

      June 11, 2025

      best altcoins to buy now

      June 10, 2025
    • Learn/Guide

      Invesco, Galaxy Digital file to launch Solana ETF in Delaware amid SEC approval buzz

      June 14, 2025

      Cardano founder Charles Hoskinson proposes converting $100M ADA to Bitcoin and stablecoins

      June 13, 2025

      BlackRock targets to become world’s largest crypto asset manager by 2030

      June 12, 2025

      Nasdaq-listed Interactive Strength plans to invest $500M in Fetch.ai’s FET token to build an AI-focused crypto treasury

      June 11, 2025

      Eric Trump-backed American Bitcoin discloses 215 BTC holdings

      June 10, 2025
    • NFTs

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025

      Daizen: Elevating the NFT Multiverse on Apechain Blockchain | NFT CULTURE | NFT News | Web3 Culture

      December 5, 2024
    • Regulation

      SEC Drops Binance Lawsuit: How Regulatory Clarity Could Spark a BNB Price Rally

      May 30, 2025

      Kentucky Governor Signs Off On ‘Bitcoin Rights’ Bill, Strengthening Crypto Protections

      March 31, 2025

      Utah Moves Closer To Bitcoin Reserve As Bill Advances To Senate Standing Committee

      February 23, 2025

      Bitcoin ETFs In Focus As Kansas Senator Proposes Up To 10% Pension Fund Allocation

      January 26, 2025

      MicroStrategy May Face Tax Issues Over $19 Billion Unrealized Bitcoin Gains: Report

      January 25, 2025
    • Business

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024

      Brazil Prepares to Let Tradfi Institutions Embrace Crypto

      November 13, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » British investment group gets nod to use cryptos, blockchain in this way
    Technology

    British investment group gets nod to use cryptos, blockchain in this way

    December 1, 20233 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    British investment group gets nod to use cryptos, blockchain in this way
    Share
    Facebook Twitter LinkedIn Pinterest Email


    editors

    Posted: November 24, 2023
    | Last updated: November 28th, 2023


    • The Investment Association views tokenization as a revolutionary force in reshaping industry’s operational landscape.
    • Blockchain will take center stage in this paradigm shift

    British investment managers have received the green light to venture into the world of tokenized funds, ushering in new avenues of innovation with blockchain. According to a report by Reuters, the nod came from the Investment Association, the industry’s authoritative trade body, on 24 November.

    This development opens the concept of tokenization, where assets are divided into smaller tokens supported by blockchain technology. Advocates of tokenization assert that it enhances trading efficiency and transparency. They say it can also offer investors access to a more diverse array of assets. The move is part of Britain’s post-Brexit efforts to fortify liquidity in its asset management sector.

    The Financial Conduct Authority (FCA) will pave the way for investment funds under its authorization to explore tokenized offerings.

    Investment Association’s approval to innovation in Asset Management

    The Investment Association views tokenization as a revolutionary force in reshaping the industry’s operational landscape. It is enthusiastic about the potential of fund tokenization. Tokenization promises improved efficiency, greater liquidity, advanced risk management, and the creation of bespoke investment portfolios.

    Michelle Scrimgeour, Chief Executive of Legal & General Investment Management and Chair of the working group steering the initiative, expressed optimism about the transformative impact of this move.

    This working group comprises of industry heavyweights such as BlackRock, M&G, and Schroders. It also collaborates closely with the FCA and the UK’s finance ministry. Their collective goal is to unlock opportunities for tokenized funds and drive significant advancements in the financial sector.

    Blockchain technology, primarily known for its association with cryptocurrencies, takes center stage in this paradigm shift. The digital ledger, recording ownership of tokens, has predominantly played a role in the cryptocurrency realm, which, despite being a relatively small part of the global financial system, has had a substantial impact.

    The global financial community has witnessed tentative steps toward tokenized funds in the United States, Europe, and Asia. Britain’s move adds momentum to this global trend, fostering an environment where investment managers can leverage blockchain technology to innovate and expand the horizons of traditional asset management.

    The FCA has also stressed the initiative’s focus on mainstream assets and maintain the existing infrastructure for valuation and settlement. The objective is to strike a balance between fostering innovation and ensuring the stability of the financial system.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Small caps, big moves: These altcoins outshine Bitcoin

    June 14, 2025

    Comment on Hacker Behind $2M Crypto Hack Offered Role by Targeted Protocol by James Cyrus

    June 13, 2025

    Uniswap (UNI) Gears for Rally as $10.35 Resistance Becomes Make-or-Break Level

    June 12, 2025

    The Blockchain Group Pushes Institutional Crypto Wave in Europe

    June 11, 2025
    Top Posts

    XION is the First L1 Blockchain to Use USDC!

    October 13, 2023

    Top Three PoS Coins With The Best Rewards

    May 18, 2023

    Shibarium Breaks The Internet (Again) With Over 400 Million Layer-2 Transactions

    March 17, 2024

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    8,000 Bitcoins awaken after 5 years – Whale strategy or ETF play?

    June 14, 2025

    Bitcoin’s High Euphoria Spurs UK Company’s $4.7 Million Buy

    June 12, 2025

    Why are altcoins like Axelar, Aave, Uniswap, Pepe going up today?

    June 10, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.