UK FCA Clears Path for Blockchain Adoption in Asset Management

The UK's financial regulator has made a groundbreaking decision to introduce new rules governing the use of blockchain technology in asset management.

According to the Financial Conduct Authority (FCA), distributed ledger technology can enhance fund management, making it easier for companies to adopt blockchain within existing regulations.

With these new guidelines, firms will no longer need to establish separate trial systems; they can operate within the existing framework and leverage new technologies.