Wire · operational-macro
FCA Weighs Tokenized Gold Rules as London Defends 70% of Bullion Trade
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Fusion42 · 26 August 2026 · Fusion42 review
The FCA is consulting banks on rules for tokenized gold, aiming to clarify whether such tokens can be used as margin collateral in OTC derivatives. London currently dominates 70% of global bullion trading, while Hong Kong advances its own gold clearing infrastructure, challenging London's market share.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You need to rethink collateral strategies as UK rules will soon treat tokenized gold like cash for derivatives margin. If you serve banks or brokers, this opens a new route to integrate gold tokens as core collateral, not fringe assets.
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1 source · 10 Aug 2026
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