Consultation paper re progressing fund tokenisation

The UK FCA's thoughts on tokenising funds

1. FINANCIAL
CONDUCT
AUTHORITY

Consultation Paper
CP25/28**

Progressing Fund Tokenisation

October 2025

2. Howtorespond Disclaimer

We are asking for comments.
‘on Chapters 2-4 ofthis.
Consultation Paper (CP) by
21 November 2025, and
Chapter 5 by 12 December
2025.

Youcan send them to
us usingthe form on our
website

Orinwntingto:
David Burrows and

Joshua Castle

Funds and Asset
Management Policy;
Wholesale Buy Side
Financial Conduct Authority
12 Endeavour Square
London £20 LIN

Email:
[email protected] uk

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