UK FCA Discusses Tokenized Gold Regulatory Framework With Banks

The UK FCA engages major banks to define rules for tokenized gold, seeking feedback on collateral use. Formal standards are anticipated in the coming months.

Woofun AI reports that the UK Financial Conduct Authority is consulting with industry stakeholders, including major banks, to create a regulatory structure for tokenized gold. This initiative aims to support market growth by clarifying how tokenized gold can serve as collateral in wholesale markets, following recent feedback collection. Further announcements regarding these regulatory standards are expected in the coming months.