The UK Financial Conduct Authority is studying the regulatory exemption mechanism for tokenized gold

The Financial Conduct Authority (FCA) in the UK is working with the Ministry of Finance and the Bank of England to establish a specialized regulatory framework for tokenized gold or tokenized commodities, and to evaluate the scope of regulatory exemptions for certain tokenized gold products or market infrastructure such as Collective Investment Scheme (CIS) and Alternative Investment Funds (AIF). The specific plan has not yet been determined. (Source: Financial Times)