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.