FCA Weighs Exempting Tokenized Gold from Fund Rules to Protect London Market

The UK Financial Conduct Authority (FCA) is reportedly considering exempting tokenized gold from certain fund regulations in a bid to strengthen London's position as a global financial hub. The proposal could allow tokenized gold products to operate outside traditional fund rules, potentially accelerating blockchain-based asset adoption in the UK. This move comes as London faces increasing competition from other financial centers embracing digital asset innovation. If approved, the exemption could pave the way for broader tokenization of real-world assets (RWA) and boost institutional interest in blockchain-based commodities. Market participants view the development as a positive signal for crypto-friendly regulation in the UK.