AXA IM gains French crypto licence for tokenised funds

Looks to tokenise funds

Elliot Gulliver-Needham
clock • 1 min read

AXA Investment Managers has registered for a digital asset licence with French regulator AMF, the regulator said earlier this week.

A spokesperson for AXA IM told Investment Week that the registration will be useful "as we actively work on initiatives where blockchain technology can bring benefits to capital markets". Assets managers are frequently looking to the potential of tokenised funds and securities, along with not wanting to be left behind by the growing interest around central bank digital currencies and stablecoins. Bank of England: Digital pound represents 'new frontier' for payments The spokesperson said that the firm did not have any investment strategy or exposure to cryptocurrencies such as B...

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