1、UK FUND TOKENISATION:A BLUEPRINT FOR IMPLEMENTATIONInterim Report from the Technology Working Group to the Asset Management TaskforceNovember 20232ABOUT THE INVESTMENT ASSOCIATION(IA):The Investment Association champions UK investment management,supporting British savers,investors and businesses.Our

2、 250 members manage 8.8 trillion of assets and the investment management industry supports 126,400 jobs across the UK.Our mission is to make investment better.Better for clients,so they achieve their financial goals.Better for companies,so they get the capital they need to grow.And better for the ec

3、onomy,so everyone prospers.Our purpose is to ensure investment managers are in the best possible position to:Build peoples resilience to financial adversity Help people achieve their financial aspirations Enable people to maintain a decent standard of living as they grow older Contribute to economic

4、 growth through the efficient allocation of capital.The money our members manage is in a wide variety of investment vehicles including authorised investment funds,pension funds and stocks and shares ISAs.The UK is the second largest investment management centre in the world,after the US and manages

5、37%of all assets managed in Europe.3UK FUND TOKENISATION:A BLUEPRINT FOR IMPLEMENTATIONCONTENTSForewords 4 Foreword by Sarah Pritchard,Executive Director,Financial Conduct Authority 4 Foreword by Michelle Scrimgeour,Working Group Chair 5Executive Summary 6 Summary of Recommendations 61.Context and b

6、ackground 8 The Technology Working Group 8 Fund tokenisation 10 Connecting with wider cryptoassets work 12 Role of AI 142.A Shared Vision 15 Benefits 15 The Vision 16 A Staged Approach 18 Stage One characteristics 18 Stage Two and beyond 193.The Blueprint for Implementation 20 A:Utilising Stage One