"This article tracks the latest developments in EU and UK financial services regulation across digital innovation themes including central bank digital currencies (CBDCs), stablecoin regulation, crypto-assets under MiCA and the FCA regime, fund tokenisation using distributed ledger technology (DLT) and AI and cybersecurity frameworks. Asset managers and fund operators face an evolving and complex compliance landscape spanning MiCA, DORA, the EU AI Act and new UK frameworks such as FRAME and the FCA's crypto-asset regime"