The FCA has published advance information on its cryptoasset application form, and the September revision adds five items. The harder task is making the permissions, business plan, forecasts and custody model describe the same business.

The prudential rules set a minimum. The firm's own risk assessment may set a higher figure. The funding plan has to keep both in place from authorisation onwards. These are three separate questions, and a founder needs an answer to each.

CASS 6 already sets the baseline for holding tokenised securities. What is still to come is an additional framework specific to them. A platform can design and test its custody model now, without waiting for that framework.

Tokenisation is reshaping the financial landscape, particularly within the UK fintech sector. As digital assets and blockchain technology mature, the ability to represent ownership rights and financial instruments as tokens is unlocking new opportunities for startups and investors alike. This article explores the key trends in fintech tokenisation UK, offering a grounded perspective on how this innovation is evolving and what it means for the future of finance.

FCA director Jon Relleen told a capital markets summit on 5 October that PISCES has four authorised operators and seven transactions, that the DIGIT digital gilt is due early next year, and that a joint tokenisation roadmap is coming in the next few weeks.

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.

FS26/1 changes no rules. Its value to a founder or platform is that it shows which parts of a tokenisation plan can go ahead on today's rules, and which still depend on decisions to come.

It has been a fast few weeks for anyone trying to keep up with UK tokenised equity, SEIS reform talk and the early life of PISCES. Today's brief is a lighter one on breaking news, so it felt like the right moment for a pause and a quiz rather than another headline. Ten questions on where things actu

The Bank of England has cleared a company that is not a bank to run a live digital securities depository, and the assets on its opening list are ordinary listed shares and government bonds rather than anything experimental.

Since 19 January 2026, UK private companies can raise £5m or more from a broad group of investors without a prospectus, through an FCA-authorised public offer platform. How the route works, what the platform must check, and the open question on tokenised shares.

The Financial Conduct Authority has opened a Call for Input on whether some tokenised gold products should sit outside the UK's fund rules altogether, as part of a wider push to keep London at the centre of global bullion trading.

The Financial Conduct Authority and the Bank of England have committed to a clear route from the Digital Securities Sandbox to permanent tokenised market infrastructure, after industry told the regulators that pilots are no longer enough.

Standfirst: The London based tokenisation platform has spent the summer methodically collecting fiduciary and transfer agency licences across four jurisdictions, a strategy that says as much about the shape of the tokenised asset market as any single product launch would.

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

The All Party Parliamentary Group for Crypto and Digital Assets opened a cross party inquiry on 21 July into UK banks refusing accounts and restricting payments to cryptocurrency and digital asset businesses, giving the sector a six week window to put hard evidence behind a complaint it has made inf

The group is backed by the City of London Corporation and will spend the next year working on live tokenisation use cases across UK financial markets, starting with tokenised repo. Woolard, who spent eight years as chair of the Financial Conduct Authority before taking on the Champion role in April, is addressing the report to whoever holds the Chancellor's job next, a reminder that this is being built to outlast any one minister. The headline numbers are designed to focus mi

A plain English guide for founders and investors. Part of our intelligence series on equity tokenisation in the UK.

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

For years, anyone building in tokenisation in the UK has had to plan around a moving target. The rules were coming, everyone agreed, but their shape was a matter of consultation papers and educated guesses. That ended on 30 June, when the Financial Conduct Authority published the final rules and gui

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