According to Foresight News, CoinDesk reports that tokenization platform BPX Exchange has received approval from the UK's Financial Conduct Authority (FCA) to be officially listed on the UK crypto business register. BPX operates as a digital securities trading platform, providing services to institutional clients in the UK and approving promotional content for its group members.
The registration does not extend to retail customer services or the operation of a cryptocurrency exchange. Since 2020, the FCA has approved only 52 companies for registration, indicating the stringent compliance standards in the crypto sector.