Tokenization Platform The BPX Exchange has been added to the UK Crypto register on Thursday, the first new addition since April and third this year, according to the Financial Conduct Authority (FCA) website.
The company, a digital securities exchange for investment funds, will be able to reach and offer its services to clients in the country as well as approve the promotions of “members of its wider group,” the The Regulator’s website said. It will not be able to run a crypto exchange or offer any services to retail clients.
Digital asset companies who wish to work in the country need to be registered with the FCA and comply Promotional Rulespreventing unauthorized companies from reaching clients in the UK. A total of 52 companies have been approved since 2020. Crypto Exchange Coinbase and asset manager Blackrock Also join the register this year.
Not only the UK has taken steps to identify As a crypto hub Since 2022 by placing new laws and consulting companies to promote new policies for the industry, the current government also said it wants the country to become a Tokenization Hub. Tokenization occurs when companies create a virtual investment vehicle in blockchain Linked to the real world ownership such as security.
