In a significant move towards fostering innovation in the asset management sector, the Economic Secretary to the Treasury’s Asset Management Taskforce, following its re-establishment in April 2023, has unveiled a Technology Working Group. Chaired by Michelle Scrimgeour, CEO of Legal and General Investment Management (LGIM), the group comprises industry experts collaborating closely with the Financial […]
The Reserve Bank of Australia (RBA) has highlighted the potential of tokenized assets to transform the Australian financial system in a speech by Assistant Governor (Financial System) Brad Jones. Jones noted that tokenization is the process of representing assets on a blockchain, which is a distributed ledger technology. This allows assets to be traded more […]
In a significant move towards bolstering its position as a global virtual asset hub, Hong Kong’s Securities and Futures Commission (SFC) has announced guidelines allowing the tokenization of securities and regulated funds. The circular, issued on Thursday, provides a framework for regulated intermediaries, including fund managers, to issue tokenized securities, described as “blockchain-based tokens that […]
