UK FCA approves onchain fund registers and direct-to-fund dealing in tokenisation push

The Financial Conduct Authority finalised rules on Thursday allowing UK asset managers to maintain official investor registers on blockchain and introduced an optional Direct-to-Fund dealing model that removes intermediaries from fund transactions. The changes, set out in policy statement PS26/7, take effect immediately. They apply to about 2,600 firms managing an estimated £16.5 trillion in […]