Tag: blockchaintraded

UK Fund Managers Urge Regulators to Approve Blockchain-Traded Funds

UK fund managers under the aegis of the Investment Association, the trade body representing Britain’s asset management industry, have called on the government and the City regulator to approve blockchain-traded funds. While the Investment Association controls as much as £10tn for clients worldwide, the entity believes that issuing tokens instead of traditional shares and fund units will have a way to enhance productivity on all sides.  According to the Financial Times, the association believes that the blockchain-traded fund products, if approved, will grant end-users more cost-saving investment offerings across the…

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

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. The reasons behind such a push, according to the Investment Association, are the possible significant cost…