The UK's Financial Conduct Authority (FCA) is reportedly preparing a regulatory framework for tokenized gold.
This framework will outline how tokenized gold products may be used as collateral assets in wholesale markets, according to a report from CoinTelegraph.
The FCA's move towards regulating tokenized gold is based on reporting from CoinTelegraph.
Tokenized gold represents a digital claim on physical gold, and its regulation could have significant implications for the financial industry.