The Gibraltar Finance Centre recently hosted an industry briefing on the future of fund tokenisation, bringing together professionals from across the funds, investment, and digital assets sectors. The session focused on the implications of the Protected Cell Companies (Amendment) Bill 2026, and the opportunities now emerging from tokenised fund structures.
The briefing was opened by Nigel Feetham KC MP, Minister for Justice, Trade and Industry, who has been closely associated with this legislation since first setting out his ambition for it at an international conference in Hong Kong earlier this year.
Nathan Catania, Partner at Xreg Consulting, then took attendees through the detail, presenting on the key aspects of the proposed legislation and its practical applications.
Our team was glad to attend, and the discussion gave a clear sense of where things are headed.
Why Tokenisation is Gaining Momentum
One of the most interesting parts of the briefing examined why fund tokenisation is becoming an increasingly important topic for the global investment industry.
While tokenisation has often been viewed as an emerging technology in search of a practical application, the presentation highlighted a growing body of evidence that suggests the opposite.
Among the advantages discussed were:
- Faster settlement: reducing subscription and redemption times from days to minutes and supporting round-the-clock markets.
- Programmability: allowing smart contracts to automate distributions, compliance checks and other administrative processes.
- Greater transparency: with distributed ledger technology providing an auditable register that can simplify regulatory reporting and investor record keeping.
- Fractionalisation: enabling broader access to investment opportunities through smaller minimum investment amounts.
- Improved collateral utility: allowing tokenised fund interests to be used more efficiently within digital financial markets.
Making the Legislation Work
Legislation, however well drafted, only becomes useful once the industry understands how to apply it. The PCC (Amendment) Bill 2026 introduces a new legal framework, enabling protected cell companies authorised as experienced investor funds to issue tokenised shares, and to maintain DLT-based share registers.
That process of translation is still very much underway. The Bill itself is still proceeding through the legislative process, so the practical detail discussed at sessions like this will continue to evolve.
We are following this legislation closely and are already considering what it means for the funds we administer. If you would like to discuss how tokenised fund structures might apply to your business, please do not hesitate to get in touch with us.