UK FCA begins talks with major banks on a regulatory framework for tokenized gold

The UK Financial Conduct Authority is discussing a regulatory framework for tokenized gold with major banks, according to BlockTempo, in a move tied to the country’s push to digitize financial markets and protect London’s position as a global gold trading hub. The regulator is expected to outline a plan for developing the relevant standards in the coming months. The report places the initiative within a broader regulatory sequence. The UK had already brought stablecoins into a formal regulatory system in 2025, with the FCA and the Bank of England jointly setting standards for systemic stablecoins. In May 2026, the two authorities also published a shared vision for tokenization in UK wholesale markets, backing the use of tokenized infrastructure to improve clearing and settlement efficiency. BlockTempo said the latest effort suggests the UK is extending tokenization policy from stablecoins and wholesale-market infrastructure into real-world assets. The article also links the move to rising on-chain gold activity and notes that London, which it describes as the world’s largest gold trading center with more than 40% of daily global gold trading volume, risks losing standard-setting influence if other jurisdictions move first. The FCA has not yet released a timetable, detailed compliance requirements, or any decision on whether existing tokenized gold products such as PAXG would connect directly to the future framework.