FCA prepares path for instant dealing through blockchain for authorised funds

The regulator has published proposals for 'Direct to Fund', an alternative means of dealing in authorised funds, through blockchain DLT (distributed ledger technology) which could be cheaper than traditional ways of running funds and offering them to the retail sector.

By Neasa MacErlean

The system would be voluntary and the regulator says that familiarisation would be the only cost on the industry - a sum it estimates at £1,500 per participating firm.