UK FCA prepares tokenized gold framework with major banks
UK FCA prepares tokenized gold framework with major banks
FCA is discussing tokenized gold standards with major banks, according to the Financial Times report.UK regulators are considering tokenized gold for collateral in uncleared over the counter derivatives markets.Regulators plan further policy this year while developing industry standards for tokenized collateral use cases.Sixteen firms are already working through Britain’s Digital Securities Sandbox on live tokenized asset infrastructure.London handles roughly 70% of global gold trading, according to the Financial Times report.