Britain's asset managers call for blockchain funds regime

FILE PHOTO: Photo for illustration. A man is silhouetted in an electronic board showing the FTSE MIB Index for the Italian equity market in this photo illustration taken in Rome August 9, 2011. REUTERS/Tony Gentile./File Photo

LONDON (Reuters) - Britain's Investment Association on Thursday called for the government and regulators to give the green light to tokenised funds using blockchain technology, which could make it easier for retail investors to buy illiquid assets.

Tokenised funds split their assets under management into fractions, enabling a reduced minimum investment, making them more affordable for small investors.