The UK’s Financial Conduct Authority (FCA) has approved new rules that allow tokenized funds to operate fully within the existing authorized fund regime, rather than in separate experimental structures. The changes give asset managers a clearer route to keep fund registers on and to use an optional Direct‑to‑Fund (D2F) dealing model, while keeping current investor protection standards in place. In Policy Statement PS26/7, the FCA confirms that authorized funds can run their unitholder registers on distributed ledger technology using the industry “Blueprint” model. Onchain transaction records may serve as the primary ... (full story)