The UK Financial Conduct Authority is exploring regulatory exemptions for tokenized gold.

According to the Financial Times, the UK Financial Conduct Authority (FCA) is working with the Treasury and the Bank of England to establish a dedicated regulatory framework for tokenized gold or broader tokenized commodities, while also assessing whether certain tokenized gold products or market infrastructure should be exempt from the regulatory scope of Collective Investment Schemes (CIS) and Alternative Investment Funds (AIF). Specific arrangements have not yet been finalized.