Mobius, a modern pension investment platform, has submitted a response to the Financial Conduct Authority’s (FCA) consultation on progressing fund tokenisation in the UK.
Consultation Paper CP25/28, issued in October, said the new clarity would encourage decentralised adoption in the UK.
However, industry responses to the proposed guidelines stress a further need for operational flexibility, regulatory harmony, and investor protection.
“We highlight the need for robust and consistent standards, equivalent treatment across the UK regulatory regime and a continued focus on investor protection,” said James F., CEO at Mobius, in a social media post.
The key areas of the FCA’s guidelines were guidance on operating tokenised fund registers under the UK Blueprint model and a simplified dealing framework for trading units in both traditional and tokenised authorised funds.
Mobius’ response calls for the regulator to take a leading role in shaping token standards that ensure strong governance and consistent consumer outcomes, giving investors confidence in a robust, integrity-focused market.
It emphasises that investor protection, underpinned by existing rules such as Consumer Duty, must remain central as tokenised fund structures evolve and continue to require thorough due diligence.
Mobius also urges the FCA to provide equivalent operational flexibility for digital assets, enabling insurers running unit-linked funds to pursue tokenisation alongside authorised funds and avoid regulatory fragmentation.
See full consultation and more information on the FCA’s website here: CP25/28: Progressing fund tokenisation | FCA.
