For founders and investors watching the UK's tokenisation landscape, Wednesday's State Opening of Parliament deserves close attention. The 2026 King's Speech, scheduled for 13 May, is set to mark the beginning of the most ambitious digital finance legislative programme since the Financial Services a

The world's largest asset manager just made two moves that will define the next chapter of tokenised finance. On 9 May 2026, BlackRock filed to launch a new tokenised Treasury fund and proposed creating onchain share classes for an existing $7 billion money-market fund. Taken together, these filings

On 29 April 2026, the Financial Conduct Authority published Policy Statement PS26/7, confirming its final rules and guidance for fund tokenisation in the UK. The document follows the regulator's consultation paper CP25/28, published in October 2025, and marks a significant step forward in the UK's digital securities strategy. The policy statement does two things of immediate practical consequence. First, it sets out how authorised fund managers can use distributed ledger t

Ctrl Alt Ltd, a subsidiary of Alt Ltd, has been placed on the FCA's official register as a directly authorised investment firm. The UAE-regulated firm now holds its own FCA permissions, allowing it to operate independently rather than as an Appointed Representative under another firm's licence. The authorisation enables Ctrl Alt to expand its digital capital markets services and support the end-to-end lifecycle of tokenised assets — from issuance and primary distribution thro

HM Treasury unveiled a comprehensive payment services regulatory integration plan on 21 April 2026 — during UK Fintech Week — designed to bring stablecoins, tokenised bank deposits, and conventional electronic payments under one coherent legal roof. The package proposes new legislation to reduce administrative burdens for firms seeking to provide stablecoin payment services, whilst expanding the FCA's regulatory powers over Open Banking developments.

This month, something changed. Republic Europe — formerly known as Seedrs, one of the UK's most established equity crowdfunding platforms, has partnered with the London Stock Exchange to offer access to PISCES: the Private Intermittent Securities and Capital Exchange System. It is a clunky acronym for something genuinely significant.

The FCA regulates financial markets and firms to ensure integrity, protect consumers, and promote competition. Equity tokens, representing ownership in a company, often fall within the FCA’s remit as they can be classified as securities. This classification triggers specific regulatory requirements. The FCA’s approach to equity tokenisation is grounded in existing securities law, adapted to the digital context. Tokenised shares must comply with the same rules as traditiona

Real-world asset tokenisation has moved well beyond the proof-of-concept stage. With over $27 billion in tokenised value on-chain and the world's largest financial institutions deploying real capital, 2026 is the year the market stopped asking whether this works and started asking how fast it scales.

Digital Plumbing evolving The debate about whether tokenisation works has largely been settled. The harder question, the one that will define the next two years, is whether the financial system's underlying infrastructure can support a transition from carefully managed pilots to genuine production scale. From Proof of Concept to Production Problem 2025 was, by most measures, the year institutional tokenisation stopped being theoretical. The EU's MiCA framework became operat

On 15 December 2025, HM Treasury laid the Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2025 before Parliament, formally bringing a wide range of cryptoasset activities inside the FSMA regulatory perimeter. The instrument was subsequently published as SI 2026/102 in February 2026. The following day, the FCA published three consultation papers setting out its proposed rules across conduct and organisational requirements (CP25/40), admissions, disclosures a