The UK’s FCA is reportedly preparing a regulatory framework for tokenized gold and how these products may be used as collateral assets in wholesale markets. The UK’s Financial Conduct Authority (FCA) has reportedly held talks with banks and other industry participants over potential rules for tokenized gold. The regulator is reportedly preparing to outline plans for new regulatory standards for tokenized gold. London is the world’s largest over-the-counter gold trading hub, accounting for about 70% of global notional gold trading volume, according to the World Gold Council. The talks come amid a broader UK push to expand tokenized financial markets.