• Market Cap: $1,089,351,806,345.48
  • 24h Vol: $81,625,628,226.69
  • BTC Dominance: 45.79%
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

British investment managers call for the blockchain-traded funds’ approval

Jon Hartney by Jon Hartney
July 7, 2022
in Bitcoin, Blockchain, Business, Market
0
British investment managers call for the blockchain-traded funds’ approval
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The Investment Association believes the new technology will bring significant cost savings for end investors.

The Investment Association, a trade body representing British investment managers, is speeding up the local government and financial regulators to approve blockchain-traded funds with digital tokens substituting traditional shares. 

As the Financial Times reported on Thursday, the trade body is pushing the government to establish a new class of funds employing blockchain technology and create a new task force to examine how distributed ledger technology could accelerate the creation of new products and services.

Related articles

OpenAI CEO highlights South Korean chips sector for AI growth, investment

OpenAI CEO highlights South Korean chips sector for AI growth, investment

June 10, 2023
Nigeria to tax crypto, digital assets 10% on capital gains: Experts react

Nigeria to tax crypto, digital assets 10% on capital gains: Experts react

June 10, 2023

The reasons behind such a push, according to the Investment Association, are the possible significant cost savings for end investors and the simplification of the existing procedures of buying and selling mutual funds.

Investment Association chief executive Chris Cummings urged to boost the competitiveness of the national financial services: 

“Greater innovation will boost the overall competitiveness of the UK funds industry and improve the cost, efficiency and quality of the investment experience.”

According to FT, blockchain-traded funds could become available by the end of the second quarter of 2023 if the Financial Conduct Authority (FCA) would give its regulatory approval. As the newspaper adds, a financial technology group FundAdminChain is currently collaborating with the London Stock Exchange and four global asset managers to develop live tokenized funds for the British market.

Related: Majority of British crypto owners revealed to be hodlers

Brian McNulty, CEO at FundAdminChain, revealed that asset managers have realized the potential to generate market-beating returns via tokenization of funds:

“Tokenised funds can deliver more transparency, instant settlement, improvements in data and analytics which will contribute to a more efficient system for investors but we need regulatory support to ensure that the UK remains competitive with other jurisdictions.”

The Investment Association also lobbies the FCA to regard the possibility of allowing traditional mutual funds to own cryptocurrencies and other digital assets. But should the FCA get interested in this proposition, it would still require a full consultation to push it through the regulation process.

The first United States-based on-chain mutual fund was launched in April 2021 by Franklin Templeton to process transactions and record share ownership.

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

OpenAI CEO highlights South Korean chips sector for AI growth, investment

OpenAI CEO highlights South Korean chips sector for AI growth, investment

by Jon Hartney
June 10, 2023
0

Sam Altman confirmed ongoing discussions with chipmaking companies like Samsung Electronics and expressed his

Nigeria to tax crypto, digital assets 10% on capital gains: Experts react

Nigeria to tax crypto, digital assets 10% on capital gains: Experts react

by Jon Hartney
June 10, 2023
0

The Act aims to enhance fiscal transparency, boost revenue and recognize cryptocurrencies as legitimate assets

Ooki DAO to shut down after ‘precedent setting’ court battle with CFTC

Ooki DAO to shut down after ‘precedent setting’ court battle with CFTC

by Jon Hartney
June 10, 2023
0

The CFTC highlighted that “critically, in a precedent-setting decision” the Ooki DAO was held in court as

Scammers steal nearly $1M after hijacking 8+ prominent crypto twitter accounts

Scammers steal nearly $1M after hijacking 8+ prominent crypto twitter accounts

by Jon Hartney
June 10, 2023
0

The group of scammers have recently taken over accounts belonging to the founder of Pudgy Penguins, the CTO of OpenAI

SEC charges against Binance and Coinbase are terrible for DeFi

SEC charges against Binance and Coinbase are terrible for DeFi

by Jon Hartney
June 10, 2023
0

The SEC’s charges against Binance and Coinbase could have far-reaching consequences for decentralized finance

Load More
  • Trending
  • Comments
  • Latest
NEXO risks 50% drop due to regulatory pressure and investor concerns

NEXO risks 50% drop due to regulatory pressure and investor concerns

September 30, 2022
51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

October 14, 2022
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022
Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

October 11, 2022
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0
Crypto owners banned from working on US Government crypto policies

Crypto owners banned from working on US Government crypto policies

0
Korean startup Uprise lost $20M shorting LUNC

Korean startup Uprise lost $20M shorting LUNC

0
Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0
OpenAI CEO highlights South Korean chips sector for AI growth, investment

OpenAI CEO highlights South Korean chips sector for AI growth, investment

June 10, 2023
Nigeria to tax crypto, digital assets 10% on capital gains: Experts react

Nigeria to tax crypto, digital assets 10% on capital gains: Experts react

June 10, 2023
Ooki DAO to shut down after ‘precedent setting’ court battle with CFTC

Ooki DAO to shut down after ‘precedent setting’ court battle with CFTC

June 10, 2023
Scammers steal nearly $1M after hijacking 8+ prominent crypto twitter accounts

Scammers steal nearly $1M after hijacking 8+ prominent crypto twitter accounts

June 10, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • OpenAI CEO highlights South Korean chips sector for AI growth, investment June 10, 2023
  • Nigeria to tax crypto, digital assets 10% on capital gains: Experts react June 10, 2023
  • Ooki DAO to shut down after ‘precedent setting’ court battle with CFTC June 10, 2023
  • Scammers steal nearly $1M after hijacking 8+ prominent crypto twitter accounts June 10, 2023
  • SEC charges against Binance and Coinbase are terrible for DeFi June 10, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$25,720.00-3.44%
  • ethereumEthereum(ETH)$1,747.84-5.29%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.03%
  • binancecoinBNB(BNB)$238.87-8.40%
  • usd-coinUSD Coin(USDC)$1.00-0.12%
  • rippleXRP(XRP)$0.497357-6.21%
  • staked-etherLido Staked Ether(STETH)$1,745.55-5.36%
  • cardanoCardano(ADA)$0.250467-21.33%
  • dogecoinDogecoin(DOGE)$0.060104-11.75%
  • tronTRON(TRX)$0.068000-12.94%
  • solanaSolana(SOL)$14.92-22.64%
  • litecoinLitecoin(LTC)$77.49-12.44%
  • polkadotPolkadot(DOT)$4.48-10.94%
  • matic-networkPolygon(MATIC)$0.59-25.43%
  • binance-usdBinance USD(BUSD)$1.000.06%
  • daiDai(DAI)$1.000.02%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$25,737.00-3.45%
  • avalanche-2Avalanche(AVAX)$11.63-16.55%
  • shiba-inuShiba Inu(SHIB)$0.000007-16.21%
  • leo-tokenLEO Token(LEO)$3.51-0.62%
  • uniswapUniswap(UNI)$4.00-13.58%
  • chainlinkChainlink(LINK)$5.06-15.82%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.11%
  • okbOKB(OKB)$41.51-7.71%
  • moneroMonero(XMR)$136.78-4.35%
  • cosmosCosmos Hub(ATOM)$7.94-15.11%
  • ToncoinToncoin(TON)$1.48-13.04%
  • stellarStellar(XLM)$0.081511-6.60%
  • ethereum-classicEthereum Classic(ETC)$14.60-14.31%
  • true-usdTrueUSD(TUSD)$1.00-0.17%
  • bitcoin-cashBitcoin Cash(BCH)$101.20-8.98%
  • internet-computerInternet Computer(ICP)$3.81-10.10%
  • lido-daoLido DAO(LDO)$1.84-17.19%
  • quant-networkQuant(QNT)$103.99-4.89%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • filecoinFilecoin(FIL)$3.37-17.66%
  • hedera-hashgraphHedera(HBAR)$0.044517-8.88%
  • crypto-com-chainCronos(CRO)$0.051511-11.84%
  • ArbitrumArbitrum(ARB)$1.02-10.58%
  • AptosAptos(APT)$6.00-22.38%
  • nearNEAR Protocol(NEAR)$1.21-14.65%
  • vechainVeChain(VET)$0.015120-12.91%
  • paxos-standardPax Dollar(USDP)$1.00-0.15%
  • fraxFrax(FRAX)$1.00-0.14%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • BSCEXBSCEX(BSCX)$238.2367.15%
  • the-graphThe Graph(GRT)$0.096106-14.53%
  • rocket-poolRocket Pool(RPL)$44.31-6.73%
  • apecoinApeCoin(APE)$2.34-19.12%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,876.53-5.41%
  • algorandAlgorand(ALGO)$0.108889-13.21%
  • elrond-erd-2MultiversX(EGLD)$30.44-12.91%
  • aaveAave(AAVE)$52.80-12.34%
  • render-tokenRender(RNDR)$2.06-12.40%
  • eosEOS(EOS)$0.68-23.96%
  • usddUSDD(USDD)$1.00-0.18%
  • blockstackStacks(STX)$0.54-15.48%
  • the-sandboxThe Sandbox(SAND)$0.380858-21.43%
  • optimismOptimism(OP)$1.09-21.31%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.72-2.11%
  • tezosTezos(XTZ)$0.72-13.82%
  • Bitget TokenBitget Token(BGB)$0.478106-3.75%
  • fantomFantom(FTM)$0.239383-18.69%
  • theta-tokenTheta Network(THETA)$0.64-16.00%
  • BitDAOBitDAO(BIT)$0.440824-8.17%
  • radixRadix(XRD)$0.061363-9.10%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • decentralandDecentraland(MANA)$0.339102-19.49%
  • kucoin-sharesKuCoin(KCS)$6.32-6.26%
  • immutable-xImmutableX(IMX)$0.61-16.81%
  • axie-infinityAxie Infinity(AXS)$4.96-20.22%
  • gemini-dollarGemini Dollar(GUSD)$1.00-0.09%
  • havvenSynthetix Network(SNX)$1.79-13.32%
  • curve-dao-tokenCurve DAO(CRV)$0.64-15.51%
  • makerMaker(MKR)$595.67-5.40%
  • gatechain-tokenGate(GT)$3.85-6.51%
  • neoNEO(NEO)$7.49-18.20%
  • flowFlow(FLOW)$0.51-19.54%
  • marumaruNFTmarumaruNFT(MARU)$0.24991121.40%
  • terra-lunaTerra Luna Classic(LUNC)$0.000087-11.08%
  • bittorrentBitTorrent(BTT)$0.000001-3.10%
  • galaGALA(GALA)$0.020804-19.68%
  • pax-goldPAX Gold(PAXG)$1,907.14-1.32%
  • tether-goldTether Gold(XAUT)$1,958.89-0.32%
  • xdce-crowd-saleXDC Network(XDC)$0.034673-2.58%
  • bitcoin-cash-svBitcoin SV(BSV)$24.81-18.35%
  • injective-protocolInjective(INJ)$5.93-15.77%
  • binaryxBinaryX(BNX)$165.90-5.97%
  • Tokenize XchangeTokenize Xchange(TKX)$5.73-6.94%
  • casper-networkCasper Network(CSPR)$0.041537-5.64%
  • compound-ethercETH(CETH)$35.03-5.47%
  • klay-tokenKlaytn(KLAY)$0.146917-11.14%
  • kavaKava(KAVA)$0.80-16.14%
  • Halo CoinHalo Coin(HALO)$0.057345-0.05%
  • huobi-tokenHuobi(HT)$2.67-6.90%
  • iotaIOTA(MIOTA)$0.153759-14.04%
  • ShardusShardus(ULT)$1.11276.42%
  • compound-usd-coincUSDC(CUSDC)$0.022881-0.03%
  • gmxGMX(GMX)$45.22-12.47%