The Financial Conduct Authority (FCA) will not object to requests from Recognised Investment Exchanges (RIEs) to create a UK-listed market segment for cryptoasset-backed Exchange Traded Notes (cETNs). These products would be available for professional investors, such as investment firms and credit institutions authorised or regulated to operate in financial markets only. Exchanges will need to […]
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 […]
UK Finance recently released a report on securities tokenization, delving into the world of digital transformation from a wholesale markets perspective. The report aims to guide the UK in maintaining and strengthening its leading position in international markets. Securities tokenization involves representing real financial assets digitally using distributed ledger technology. This process, along with the […]
