The UK asset management industry is pushing the government to create a new category of funds using blockchain technology.
The Investment Association, an industry body representing Britain’s asset management industry, called on the government and City of London regulators on Thursday to expedite approval of blockchain-traded funds that issue digital tokens to investors rather than traditional fund shares.
It is reported that the investment association oversees nearly 10 trillion pounds (17.5 trillion US dollars) of assets for clients around the world.