PANews reported on April 30 that the UK Financial Conduct Authority (FCA) has released a policy statement and accompanying guidance on "Progressing Fund Tokenization," clarifying that asset management companies can use distributed ledger technology (DLT) for fund tokenization within the existing regulatory framework. The new regulations also introduce an optional Direct to Fund (D2F) model, allowing investors to trade directly with traditional or tokenized funds to improve subscription and redemption efficiency. The FCA stated that this framework provides operational guidance for funds adopting tokenized and digital cash instruments and is part of the UK asset management industry's digital asset roadmap. The FCA will continue to communicate with the industry regarding the application of DLT in the UK wholesale market.