UK FCA considers bespoke rules and fund exemptions for tokenized gold: FT

The UK FCA is considering the implementation of bespoke rules and specific fund exemptions for tokenized gold. This move follows warnings from industry participants who suggested that current uncertainty regarding fund rules could potentially hinder the development of tokenized gold and restrict investor access. By weighing these regulatory adjustments, the FCA aims to address these concerns, potentially making it easier for investors within the UK to acquire tokenized gold assets in the future.