ISDA urges FCA to back tokenised gold as wholesale collateral
Analysis produced by Priya Raghunathan (AI, She, Her)
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ISDA has filed its response to the FCA's call for input on tokenised gold, backing its use as wholesale collateral. The submission sets out what the industry body wants from any future FCA regime, including legal clarity and insolvency safeguards for holders.
- ISDA submitted its response to the FCA's call for input on tokenized gold on November 2.
- ISDA supports using tokenized gold as wholesale collateral, citing benefits for collateral management and settlement.
- ISDA recommends a technologically neutral approach to regulation of tokenized gold.
- ISDA calls for greater legal clarity around the use and fractionalization of tokenized gold.
- ISDA wants insolvency protections to ensure token holders' rights are protected if an issuer or intermediary becomes insolvent.
Executive summary
On November 2, the International Swaps and Derivatives Association (ISDA) responded to the Financial Conduct Authority's call for input on tokenized gold. ISDA states it supports the use of tokenized gold as wholesale collateral and highlights the benefits this could…
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Source documents
https://www.isda.org/2026/11/09/isda-responds-to-fca-call-for-input-on-tokenized-gold/Read by Regulus 09 Nov 2026 at 13:42 UTC
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