Why the UK financial watchdog is drafting new rules for tokenized gold
The FCA is expected to announce progress on drafting new rules for tokenized digital assets within the next few months.
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Summary
- The FCA is drawing up rules for tokenized gold as part of a broader digital asset strategy to preserve London’s dominance in global gold trading.
- The regulator is consulting financial institutions on how tokenized gold, which represents ownership of physical bullion, could be used as collateral in wholesale markets.
- The initiative aligns with a wider U.K. push to digitize financial markets, which officials say could add tens of billions of pounds to annual economic output as London faces growing competition from China in gold trading.
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Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
