Britain’s asset managers call for blockchain funds regime

Published by
Reuters UK

By Carolyn Cohn LONDON (Reuters) – Britain’s Investment Association on Thursday called for the government and regulators to give the green light to tokenised funds using blockchain technology, which could make it easier for retail investors to buy illiquid assets. Tokenised funds split their assets under management into fractions, enabling a reduced minimum investment, making them more affordable for small investors. The use of blockchain technology, which underpins cryptocurrencies, to support tokenised funds can also reduce operational costs, industry specialists say. “With the ever-quickeni…

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