Proponents say that tokenizing funds would make trading faster and cheaper, as well as reducing settlement times from days currently to minutes, thereby reducing capital requirements and lowering risks. Large asset managers such as BlackRock, Aberdeen and Franklin Templeton are exploring tokenising their funds.
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UK moves to allow tokenization of investment funds
“This technology will offer some really practical benefits to make fund management more efficient and reduce costs over time,” said Nike Trost, interim buy-side director at the FCA.
