British investment managers have received the green light to venture into the world of tokenized funds, ushering in new avenues of innovation with blockchain. According to a report by Reuters, the nod came from the Investment Association, the industry’s authoritative trade body, on 24 November. This development opens the concept of tokenization, where assets are divided into smaller tokens supported by blockchain technology. Advocates of tokenization assert that it enhances trading efficiency and transparency. They say it can also offer investors access to a more diverse array of assets. The move is part of Britain’s post-Brexit efforts to fortify liquidity in its asset management sector.
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