BULLISH: 🇬🇧 UK moves to UNLOCK tokenized gold for global markets. The FCA is exploring a bespoke regime for tokenized gold that could exempt certain products from the UK’s collective investment scheme and alternative investment fund rules. London currently handles roughly 70% of global gold trading. The move could unlock more of London’s massive bullion reserves as collateral in financial markets and strengthen the UK’s position as the world’s leading gold trading hub. The FCA says tokenization could make physical gold easier to divide, transfer and use across digital markets, while the Bank of England is also considering allowing tokenized assets as eligible collateral.