UK regulator backs 'tokenised' funds to attract younger investors

By Phoebe Seers LONDON (Reuters) -Britain's financial regulator set out plans on Tuesday to encourage asset managers to "tokenise" their funds on blockchain, in a bid to attract younger investors. Under the proposals, UK asset managers would be permitted to issue crypto tokens representing shares in their funds, using public blockchains such as Ethereum. Until now, tokenisation had been restricted to private blockchains. Tokenisation - the creation of blockchain-based versions of financial assets - has ...