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The UK’s home for tokenised equity. Independent news, insight and resources for founders raising capital, investors deploying it, and the firms supporting both — as the regulation, infrastructure and opportunity converge.


Moneybox Hits £800m Valuation in Landmark PISCES Staff Share Sale
For UK founders weighing how to reward long serving staff without forcing a sale or an IPO, Moneybox has just supplied a fresh data point, and a useful one, because it is the first British fintech to put real numbers behind the answer.
Shawn Jhanji
7 hours ago4 min read


HSBC Issues Its First Digitally Native Structured Product Through Marketnode in Hong Kong
Structured products are a mainstay of Asian wealth portfolios, and HSBC is one of the region's largest issuers of them. That makes the efficiency case unusually strong. Popular products such as autocallables and equity linked notes have busy lifecycles, with observation dates, coupon triggers and early redemption events that are currently tracked and reconciled separately by the issuer, paying agents and distributors. A digitally native note makes the token itself the single
Shawn Jhanji
2 days ago3 min read


UK's 150,000 Mission-Led Businesses Are Growing Faster Than the Wider Economy, but Their Own Legal Structures Are Shutting Them Out of Capital
Picture two founders, both running businesses that make money and make a difference. One has built a climate hardware company and can issue shares like any other startup. The other runs a care provider structured as a Community Interest Company, with an asset lock and a dividend cap baked into its c
Shawn Jhanji
5 days ago5 min read


CryptoUK Urges FCA and Bank of England to Publish a Tokenisation Delivery Map as It Files Its Call for Input Response
CryptoUK is the trade association for the UK cryptoasset and digital finance sector, and its response is worth reading precisely because it stops short of applause. The vision, it agrees, is the right one. Tokenisation can cut reconciliation costs, speed up settlement and collateral movement, strengthen ownership records and open up new issuance and post trade models. The practical issue, as CryptoUK frames it, is whether any of that can be translated into the concrete things
Shawn Jhanji
Jul 84 min read


UK Finance Warns Britain Is Behind on Securities Tokenisation and Sets Three Missions to Close the Gap
For anyone building in tokenisation in Britain, the hard question has never been whether the technology works. It is whether the UK will be a place worth building it in. A new report from UK Finance, the industry body for the country's banking and finance sector, offers an uncomfortable but useful a
Luca Bellavita
Jul 65 min read


Ondo and Broadridge Bring Full Voting Rights to Holders of 250 Tokenised US Securities
The most important word in the tokenisation story this week was not price or listing. It was voting. On 2 July, Ondo Finance and Broadridge Financial Solutions launched what they describe as the first live third party tokenised US securities operating fully within the existing regulatory perimeter,
Shawn Jhanji
Jul 63 min read


Europe's Crypto Grace Period Ends This Week. The 1 July MiCA Deadline Is a Quiet Lesson for the UK.
On 1 July the European Union switches off the grace period that has let crypto firms operate while they queued for a licence. From that date, any business providing crypto asset services to clients in the EU without authorisation under the Markets in Crypto Assets regulation, known as MiCA, is break
Luca Bellavita
Jun 304 min read


Shout Now! The UK's Tokenisation Consultation Closes on 3 July. Here Are the Questions Founders and Their Advisers Should Be Answering.
The Bank of England, the Financial Conduct Authority and the Prudential Regulation Authority asked the market a very large question in May, and the window to answer it closes on 3 July. Their joint Call for Input, titled The Future of Tokenisation, sets out a shared vision for how tokenised assets s
Shawn Jhanji
Jun 265 min read


Five Announcements, One Direction: What the Last Month of Tokenisation News Is Actually Telling UK Founders
For most of 2023 and 2024, the tokenisation conversation ran on projections and pilots. McKinsey's $16 trillion market by 2030. Bank proofs of concept that never reached production. Consultations with no output. The gap between the narrative and the working infrastructure was wide enough to justify genuine scepticism.
What is different now is that the plumbing is being built in places where it cannot easily be unbuilt. DTCC is not a startup running an experiment. It is the or
Shawn Jhanji
Jun 155 min read


Archax Joins TCMAG, and the UK Now Has a Seat at the Table Where Institutional Digital Money Standards Are Being Set
When standards bodies form in emerging financial markets, the names on the founding membership list matter enormously. They shape the requirements, the definitions and ultimately the infrastructure that gets built. The Tokenized Cash Management Advisory Group, known as TCMAG, is the closest thing th
Shawn Jhanji
May 283 min read


Six Weeks Left to Shape UK Crypto Rules: Why the FCA's Perimeter Guidance Consultation Matters for Every Tokenisation Business
FCA's perimeter from October 2027. The seven regulated activities covered include issuing qualifying stablecoins in the UK, safeguarding qualifying cryptoassets, operating a qualifying cryptoasset trading platform, dealing in qualifying cryptoassets as principal or agent, arranging deals in qualifying cry
Shawn Jhanji
May 203 min read


The SEC Has Set Out a Framework for Tokenised Stock Trading. The Implications Will Reach Well Beyond the US
For UK founders and investors watching the tokenisation of equity markets, one of the clearest signals yet that this space is being given a real regulatory foundation arrived from Washington on 18 May 2026. Bloomberg Law reported that the US Securities and Exchange Commission, under Chair Paul Atkin
Shawn Jhanji
May 194 min read


The regulators have decided: tokenisation is the future of UK wholesale markets
On 15 May 2026, the FCA and Bank of England published something the market has been waiting for. Not a pilot. Not a sandbox update. A shared vision — and a roadmap.
Shawn Jhanji
May 194 min read


UK Startups Raised £6 Billion in Three Months. Female Founders Are Still Getting 2p of Every Pound.
18 May 2026 | Category: FOUNDER ACCESS & CAPITAL REFORM
Shawn Jhanji
May 187 min read


The UK Law Firms Shaping the Tokenisation and RWA Space
18 May 2026 | Category: LAW, REGULATION, POLICY
Shawn Jhanji
May 187 min read


What the Payward Partnership Signals for Institutional Digital Finance
For those watching institutional asset management move onchain, the partnership announced on 12 May 2026 between Payward and Franklin Templeton carries weight that goes beyond a standard industry announcement. This is a $1.6 trillion global asset manager with a ten-year head start in tokenised finan
Shawn Jhanji
May 153 min read


When Tokens Meet Funds: What Skadden's Structural Playbook Means for the UK
A leading global law firm has laid out the structural design problems facing tokenised private fund interests. The UK is now solving the same problems, faster, with a regulator that has just published the rules.
Shawn Jhanji
May 145 min read


PS26/7: The FCA Just Published the UK's Fund Tokenisation Rulebook
On 30 April 2026, the Financial Conduct Authority finalised its rules for tokenising UK authorised funds. The rules took effect immediately. The UK now has one of the clearest regulatory frameworks for tokenised funds anywhere in the world and the clock is now ticking. Most regulatory milestones arrive with consultation papers and long phase-in periods. PS26/7 did not. On 30 April 2026, the FCA published its policy statement on fund tokenisation and the rules entered force th
Shawn Jhanji
May 135 min read


Scotland's Quiet Lead in Tokenised Funds: Why the UK's Window Won't Stay Open Forever
Jamie Marshall at CMS makes the case that tokenised funds are a historic opportunity for Scotland and the UK. The argument deserves a wider hearing, and the timing is tighter than most realise.
Shawn Jhanji
May 135 min read


The 2026 King's Speech Has a Tokenisation Clause: Gilts Pilot, a New Digital Markets Champion, and What It Means for UK Founders
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
Shawn Jhanji
May 124 min read
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