Outside Publication
FCA Signals Direction on Fund Tokenization, Funds Europe
November 11, 2025Partner Steven Lightstone authored an article for Funds Europe analyzing the UK Financial Conduct Authority’s (FCA’s) recent consultation on fund tokenization.
Steven explains the FCA’s shift from theory to practice, enabling blockchain-based fund registers while preserving investor protections, a phased approach that underscores the regulator’s effort to balance innovation with oversight.