The Financial Conduct Authority in the United Kingdom is exploring a regulatory exemption mechanism for tokenized gold

According to the Financial Times, the UK's Financial Conduct Authority (FCA) is working with the Treasury and the Bank of England to establish a dedicated regulatory framework for tokenized gold or more broadly tokenized commodities, and is assessing exemptions for certain tokenized gold products or market infrastructure from the scope of Collective Investment Schemes (CIS) and Alternative Investment Funds (AIF) regulations. Specific plans have not yet been determined.