UK FCA develops tokenised gold framework with banks

• The UK Financial Conduct Authority is developing a tokenised gold framework with major banks, according to a report.
• The framework aims to support regulated blockchain-based gold products.
• The project is part of broader work on tokenised financial assets in the UK.

The UK Financial Conduct Authority is developing a tokenised gold framework with major banks, according to a report.

The report said the framework is designed to support regulated tokenised gold products.

The FCA is working with financial institutions to explore how tokenised gold could operate within existing rules.

Tokenised gold is a digital token that represents ownership of physical gold.

The report said the project is part of wider work on tokenised financial assets and blockchain-based markets.

Banks and regulators are testing tokenisation as a way to improve trading, settlement, and asset management.

The report said any future framework will depend on regulatory approval, technology, and market adoption.