BoE pledges to link tokenised markets to central bank money
Bank says RTGS will be modified to support use of tokenised assets as collateral by 2028
The Bank of England has committed to connecting its real-time gross settlement system to enable atomic settlement on digital asset ledgers, and said it aims to launch the service by 2028.
The announcement was included in a “shared vision” for the future of tokenised markets, published today (May 18) by the BoE and the Financial Conduct Authority (FCA) in response to industry demands for greater certainty on regulation and infrastructure.
The planned synchronisation service will aim to support the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: www.centralbanking.com/subscriptions
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Fintech
Latvian deputy says fintechs are drawn to Baltic state
Purgaile says efficient licensing and fast payments attract innovative financial firms
Case for euro stablecoins ‘weaker than it appears’, says Lagarde
ECB president says settlement in tokenised markets must be anchored in central bank money
Geopolitics complicates stablecoin adoption, BIS paper finds
Weaponisation of financial infrastructure may hinder digital dollarisation, say researchers
Inside the BoK’s homegrown AI system, Boki
Sovereign platform will reshape staffing needs and pay for itself within five years, says digital innovation chief Jungphil Park
Australian payments authorities consult on shared tech strategy
Digital IDs expected to become central in payments, as tokenisation forms parallel system
Podcast: The potential risks of the Genius Act
How the focus on issuers and reserve assets ignores the wider ecosystem
CNB governor: engaging with bitcoin does not mean endorsing it
Aleš Michl says bank’s digital asset ‘test portfolio’ is ‘not a political statement’
Regulators must adapt to monitor AI risks in payments – paper
IMF authors point to tension between probabilistic agents and payment systems’ deterministic needs