by Jake ClaverUK Financial Services, Markets Act 2023, and cryptoassets: tokenization moving into regulated markets
UK Financial Services, Markets Act 2023, and cryptoassets show tokenization taking concrete institutional form. Every part of it traces back to a named, primary source.
The Asset Is Moving Onchain
This material points to real-world assets being packaged for digital settlement or collateral use. The primary source is the UK government Royal Assent release, an announcement, with supporting material from the Legislation.gov.uk FSMA 2023 and the FSMA 2023 digital settlement assets section.
What This Means For Market Infrastructure
What it changes for the broader institutional payments and tokenization stack: tokenized assets can give an ecosystem a clearer role in capital markets, from issuance through settlement. The broader research trail also includes the HM Treasury cryptoasset regime policy note, the FCA cryptoasset regime page, and the Bank of England Digital Securities Sandbox.
One caveat for honest use: Do not attach XRP specifically.
From The Source
