British regulators are preparing to launch a token gold framework

THE BRITISH FINANCIAL CONDUCT REGULATORY AUTHORITY (FCA) IS PREPARING A REGULATORY FRAMEWORK FOR THE MONETIZATION OF GOLD AND IS EXPLORING HOW THESE PRODUCTS CAN SERVE AS COLLATERAL ASSETS IN THE WHOLESALE MARKET. FCA HAS DISCUSSED WITH BANKS AND OTHER INDUSTRY PARTICIPANTS THE POTENTIAL RULES FOR THE MONETIZATION OF GOLD AND SEEKS FEEDBACK ON ITS USE AS COLLATERAL. LONDON IS THE WORLD ' S LARGEST OFF-SITE GOLD TRADING CENTRE, ACCOUNTING FOR ABOUT 70 PER CENT OF GLOBAL GOLD TRADING. THIS DISCUSSION IS PART OF A BRITISH DRIVE TO EXPAND THE FINANCIAL MARKET FOR MONETIZATION, WHICH IS EXPECTED TO INCREASE ANNUAL BRITISH ECONOMIC OUTPUT BY £33 BILLION (ABOUT $44 BILLION) BY 2035。