The answer depends on what the token is, what each business does with it, and whether an exclusion applies. The permission question may fall on the platform, on the company, or on both.

The commissioner who designed the five-year exemption for tokenised share trading announced her departure on 25 September 2026. It leaves a two-member Commission holding a temporary permission that no trading venue has yet used.

An SEC lawyer has put a rough date on when tokenised share trading starts in the United States, and a commissioner has set out the one control companies have over it.

Three operators are now live, a handful of household name private companies have run their first trading events, and the regulatory sandbox has five years left to run. On paper, PISCES looks like a UK reform that is working. Look at what the lawyers advising the companies actually running these even

Ten of Europe's largest financial institutions switched on a shared blockchain network for regulated markets on 28 July, and a UK bank is already circling the door.

As the equities markets are generally moving towards tokenisation, a common question is how the marketing of tokenised equity differs from traditional equity. In this respect, it is a mistake to focus on the “tokenised” element of tokenised equity. In the UK, tokenisation does not, from a purely legal analysis, expand the target market to whom shares can be sold. Where a token represents rights to, or interests in, an underlying share, it is very likely going to be treated as

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

For founders and investors. If you are a founder weighing up whether to tokenise your equity, or an investor trying to work out what you would actually be buying, this is the place to start. From a legal perspective, it covers: how tokenised equity works, what changes, what does not, and where the rules are heading. Tokenisation is a concept often met with much hype and little knowledge. At its core it is simple. A cryptoasset token is just shorthand for data held on-chai

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

An RWA, or real world asset, is a cryptoasset that represents something that exists off the blockchain: a share, a bond, a building, even a stock of uranium. The idea has been around for a decade, but in recent months it has moved to the centre of the conversation. That is partly new use cases with real value, such as tokenised uranium, which allows investment without ever taking delivery. It is partly better infrastructure, such as stablecoins making settlement more reliab

In a courtroom in London, a judge has determined that a startup founder's claims against five of his former investors carry a real prospect of success. It is a procedural ruling, not a final verdict. But for founders who have faced pressure from their backers, the Cognism case is already one of the

There are events that generate press releases. And then there are the conversations that actually move markets forward, held away from the noise, where the people building real infrastructure say what they genuinely think.

18 May 2026 | Category: LAW, REGULATION, POLICY

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.

What Tokenisation Means for Startups Tokenisation refers to the process of converting ownership rights in an asset into a digital token on a blockchain. This technology allows companies to represent shares, equity, or other financial instruments as tokens that can be traded more easily and transparently. For startups, tokenisation offers several advantages: Access to a broader investor base: Tokens can be sold to investors worldwide without traditional intermedia

Understanding Token Ownership in Digital Equity: Insights from the UKJT Report. Tokenised equity is reshaping how companies raise capital and how investors hold shares. Yet, a pressing question remains: if something goes wrong, who actually owns the token? This article explores the key insights from that report and what founders and investors need to understand about token ownership under English law.

The UK Jurisdiction Taskforce has published its Report on Control of Digital Assets, and while it may not attract mainstream attention, it represents a meaningful step forward in how digital assets are understood within English law.

the US Securities and Exchange Commission and the Commodity Futures Trading Commission issued joint guidance that the digital assets industry has been waiting over a decade for. For the first time, the SEC formally defined different types of crypto assets and how the regulator will approach them, ending years of enforcement-by-litigation and replacing it with a clear taxonomy.

At the Tokenisation Summit back in January 2026, Sasha Mills of the Bank of England outlined a clear priority for the coming year: building the foundations for the next generation of digital financial infrastructure. Her speech focused on three areas that will shape the UK’s approach to digital markets: regulated stablecoins tokenised collateral expansion of the Digital Securities Sandbox

Tokenisation is increasingly being discussed as a new way for startups to raise capital. By representing ownership rights digitally on blockchain infrastructure, investments could potentially become easier to manage, faster to settle and more accessible to a wider pool of investors. In our experience, for many founders however, the first questions are not technical. They are practical.