FCA explores tokenized gold for UK wholesale collateral market, London accounts for 70% of global trading volume
2026-08-11 06:40
Odaily Planet Daily News: The UK regulator, the Financial Conduct Authority (FCA), is exploring how tokenized gold could be incorporated into wholesale markets, including whether it could be used as collateral. The discussions involve regulatory approaches for institutional markets, with relevant rules potentially being announced in the coming months.
The regulatory discussion comes as London seeks to consolidate its position as a global hub for gold trading. According to World Gold Council data, London currently accounts for approximately 70% of global gold trading volume, while Shanghai and Hong Kong are competing for a larger share of wholesale business.
HSBC launched a tokenized gold product for retail investors in Hong Kong over two years ago, and reports cumulative trading volume exceeding $2.2 billion across more than 276,000 transactions. The FCA does not directly regulate physical gold trading, but it does regulate gold derivatives and publicly listed exchange-traded products. (Bitcoin.com News)
The regulatory discussion comes as London seeks to consolidate its position as a global hub for gold trading. According to World Gold Council data, London currently accounts for approximately 70% of global gold trading volume, while Shanghai and Hong Kong are competing for a larger share of wholesale business.
HSBC launched a tokenized gold product for retail investors in Hong Kong over two years ago, and reports cumulative trading volume exceeding $2.2 billion across more than 276,000 transactions. The FCA does not directly regulate physical gold trading, but it does regulate gold derivatives and publicly listed exchange-traded products. (Bitcoin.com News)
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