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Deep & Emerging Tech·August 10, 2026·1 min read

Sources: the UK FCA is consulting industry participants, including major banks, on a regulatory framework for tokenized gold; London dominates the global market

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If the FCA formalizes a framework for tokenized gold per [Financial Times](https://www.ft.com/content/9973f186-5834-4b66-8faa-e8b2e8711466?accessToken=zwAAAZ_qjqQckdOZc_GGWDRLZtOPquiy6HEUZg.MEYCIQDwmg9V4UZwu6yDpFP8fxfhL3h4ESJwf2xz9uaKw6GANAIhAKCnRoLPvYihvBir4KWtgksB-c3kt2c9NSnIxXyc8onw&sharetype=gift&token=b1881756-1e32-4488-8419-793f9e071777&syn-25a6b1a6=1), London could become the reference jurisdiction for real-world asset tokenization. If you’re building infra or products around RWAs, align your compliance and custody assumptions with where the bullion market actually clears, not just where crypto regulation is friendliest.