U.K. Asset Managers Progress Fund Tokenization | Buobe
U.K. Asset Managers Progress Fund Tokenization
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Aviva Investors launched a tokenized share class for an existing fund — This signals increased adoption and innovation in asset management, potentially making funds more accessible to retail investors.
Four of the top five U.K. asset managers have taken tangible steps towards fund tokenization — It indicates growing industry interest, likely leading to broader market acceptance and competition.
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More asset managers may follow suit, expanding the range of tokenized funds available in the market.
In July this year Aviva Investors launched a tokenized share class of an existing fund and Schroders received regulatory approval for its first tokenized share class of a U.S. dollar money market fund.