The UK’s Financial Conduct Authority is reportedly preparing standards for tokenized gold, including how it could be used as collateral in wholesale markets. The work comes as the UK pushes to expand tokenized financial markets and strengthen London’s role in digital asset infrastructure.
The UK’s Financial Conduct Authority is reportedly preparing standards for tokenized gold, including how it could be used as collateral in wholesale markets. The work comes as the UK pushes to expand tokenized financial markets and strengthen London’s role in digital asset infrastructure.
The UK’s Financial Conduct Authority has reportedly been speaking with banks and other industry participants about potential rules for tokenized gold. According to Cointelegraph, citing people familiar with the matter who spoke to the Financial Times, the FCA has also asked for feedback on how tokenized gold products could be used as collateral in wholesale markets.
The UK’s Financial Conduct Authority has reportedly been speaking with banks and other industry participants about potential rules for tokenized gold. According to Cointelegraph, citing people familiar with the matter who spoke to the Financial Times, the FCA has also asked for feedback on how tokenized gold products could be used as collateral in wholesale markets.
The development matters because tokenized gold sits at the intersection of traditional commodities markets and blockchain-based financial infrastructure. Clearer standards could help firms understand how these products may be treated in regulated market activity, especially where collateral use, settlement and institutional participation are involved.
The FCA is reportedly preparing to outline plans for new regulatory standards covering tokenized gold. Cointelegraph said it had contacted the regulator for comment.
London is already a major center for gold trading. The city is the world’s largest over-the-counter gold trading hub, accounting for about 70% of global notional gold trading volume, according to the World Gold Council cited in the report.
The discussions also fit into a wider UK effort to expand tokenized financial markets. A government-backed industry task force said in July that tokenization could add as much as 33 billion British pounds, or $44 billion, to annual UK economic output by 2035. That roadmap also calls for the UK’s first tokenized government bond by early 2027 and aims to make tokenized securities usable for trading, settlement and collateral.
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