The City Minister’s industry group for examining the impact of technology on the UK’s investment management sector publishes its second report.
The Technology Working Group is chaired by Michelle Scrimgeour. It was established under auspices of the government’s Asset Management Taskforce and is supported by the Investment Association. The Technology Working Group have today, 26 March 2024, published a report on the second phase of its work: Further Fund Tokenisation: Achieving Investment Fund 3.0 Through Collaboration.
This new report builds on the publication of the Technology Working Group’s first report in November 2023, and expands the potential use cases of fund tokenisation first highlighted in that initial report. In particular, the report explores the use of tokens as collateral for money market funds, and the role tokenised funds play in a fully “on chain” investment market that will streamline back-office functionality.
Bim Afolami MP, the Economic Secretary to t
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