Asset Management

M&G funds boss calls for global approach to tokenisation

Joseph Pinto said significant investment in technology and a consistent regulatory framework are needed to make tokenisation a success

M&G's fund management CEO Joseph Pinto said regulators needed to take a joined-up approach to blockchain technology
M&G's fund management CEO Joseph Pinto said regulators needed to take a joined-up approach to blockchain technology

The chief executive of M&G’s asset management business has urged dialogue between global watchdogs to ensure a consistent regulatory framework for fund tokenisation, after the UK government last year backed an industry-led blueprint on how funds can adopt blockchain technology.

In November, the technology working group of HM Treasury’s Asset Management Taskforce — chaired by Legal & General Investment Management CEO Michelle Scrimgeour — outlined its roadmap for UK authorised investment funds to begin adopting distributed ledger technology.

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