FCA welcomes Project Guardian tokenisation report

The FCA has welcomed the report on tokenisation in the asset management sector, published by “Project Guardian”, an international collaboration of industry and regulators led by the MAS.  The report sets out a vision for a phased usage of DLT in asset management and potential industry and regulatory standards needed to scale tokenisation use-cases and to enable firms and investors to benefit from the technology.

The FCA plans, during 2025, to collaborate with the MAS to look into regulatory considerations of tokenisation, looking at regulatory and supervisory principles that could support use, as well as potential regulatory barriers.