WFE responds to the UK FCA and Bank of England’s consultation on tokenization, supporting the regulatory principle of “same risk, same rules,” and argues that tokenized financial products with identical economic functions should be subject to the same regulatory standards. WFE believes that existing financial regulatory frameworks are already sufficient to cover most tokenization risks, and advocates for the integration of tokenization into regulated frameworks—while safeguarding market integrity, investor protection, transparency, and financial stability—to prevent regulatory arbitrage.
