As reported by Cointelegraph, the UK's Financial Conduct Authority published policy statement PS26/7 on Thursday, formalizing rules that allow asset managers to run investor registers on distributed ledger technology and introducing an optional Direct-to-Fund dealing model in which units are issued or canceled in a single step directly against investor cash.

The FCA confirmed onchain records can serve as primary books without requiring off-chain duplicates, and that authorized funds may maintain registers on public DLT networks across multiple blockchains provided investor protections remain consistent. The regulator said it is open to waivers permitting stablecoin settlement and will consult further in 2026 on broader DLT use in wholesale markets. A full cryptoasset regulatory framework, covering stablecoin issuance, trading, custody and staking, is due to take effect in October 2027.