FCA weighs exemption for tokenized gold under fund rules

The Financial Conduct Authority is exploring a bespoke regulatory framework that could exempt tokenized gold from traditional fund rules, according to CoinDesk. The FCA is working with the Treasury on whether digital gold should be treated outside the existing fund-law framework. The review reflects efforts to support London’s position in the gold market while developing an approach tailored to tokenized assets. No final regulatory decision or timetable was provided in the source material. The proposal is relevant to digital representations of gold and the broader interaction between commodity markets and crypto-based financial products. Spot gold (XAU) may be affected by the regulatory direction, although the source does not specify any market or price impact.