A collection of thoughts from the creators of RAMGET (TM)
The FCA’s Fund Tokenisation Consultation: 5 Key Takeaways
Yesterday, the NYSE announced it’s building a platform for 24/7 trading and on-chain settlement of tokenised securities.
Wall Street’s largest exchange is going on-chain. This isn’t just a pilot it’s the future of asset trading.
And in the UK? The FCA’s CP25/28 is laying the regulatory groundwork for exactly this kind of infrastructure — firstly for funds.
It’s clear that a few attributes really matter:
1. Manager authority is non-negotiable
DLT mustn’t mean losing control. The FCA is clear: fund managers must retain the power to correct errors, enforce court orders, and process mandatory redemptions — regardless of what’s “on chain.”
2. GDPR and immutability can coexist
Public blockchains aren’t the only option. The FCA acknowledges that hybrid architectures — like RAMGET’s patent pending solution — can deliver both transparency and compliance.
3. Direct-to-Fund dealing is coming
The new D2F model removes the AFM as principal, cutting operational overhead, transactional friction and settlement risk. Atomic settlement makes this possible limiting counterparty exposure in funds as in aircraft transactions.
4. Stablecoins will power on-chain funds
The FCA is paving the way for qualifying stablecoins to settle fund transactions. The NYSE is doing the same. Fully on-chain operations are no longer theoretical — they’re being built right now, on both sides of the Atlantic.
5. This is just Phase 1
CP25/28 outlines a three-stage roadmap: tokenised funds, tokenised assets, then tokenised cash flows. The destination? Personalised portfolio management at retail scale.
The NYSE move shows where global capital markets are heading and they aren’t alone.
The regulatory door is open and the party is just warming up.
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RAMDVG has submitted a detailed response to CP25/28, demonstrating how the RAMGET platform addresses each of these challenges plus many more. Get in touch if you’d like to discuss info@ramdvg.com