GFSC Policy Statement – Approach To Fund Tokenisation

The Commission supports innovation and recognises the role tokenisation could play in improving efficiency within capital markets. The Commission is aware of growing interest, locally and internationally, in the application of this technology within the funds sector and this is an area of focus for fund regulators globally.

The Commission's overall position is to encourage technology which enhances services to investors and increases efficiency and effectiveness of operations in the Bailiwick. Such technology must clearly comply with the Bailiwick's framework of law and rules designed to protect investors and counter financial crime but, if there are specific rules which those wishing to trial new technology feel stand in the way of their efforts, we are happy to discuss whether a waiver might be granted on a pilot basis or a rule redrafted if the movement of technology has made its original design obsolescent.