On 14 October 2025, the UK’s Financial Services Authority (“FCA”) published Consultation Paper 25/28 on “Progressing Fund Tokenisation” (the “CP”), which it claims will be a key component of future financial services. The CP is addressed to authorised funds, where the FCA regulates both the fund and manager, but elements will be of interest to non-authorised funds where only the manager is FCA-regulated….
By: Cadwalader, Wickersham & Taft LLP
By: Cadwalader, Wickersham & Taft LLP
