Finance News
By Julie Binoche
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What the Regulators Actually Want to Know. The consultation isn't just a box-ticking exercise — at least that's the intent.
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Why the UK Is Moving on This Now. Tokenization of real-world assets has picked up serious momentum globally.
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Timeline After July 3 Is Murky. Here's the honest part: what happens after the consultation closes is unclear.
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The Bank of England and the Financial Conduct Authority are asking the financial industry for input on tokenized securities. Deadline is July 3. Not a lot of wiggle room.
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The joint consultation covers three main areas: tokenized securities, collateral, and settlement infrastructure.
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The consultation isn't just a box-ticking exercise — at least that's the intent. Industry participants are being asked to get specific.
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That last part matters. It's one thing to run a pilot. It's another to retrofit tokenized assets into a financial system built around central securities depositories, SWIFT…
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They're also asking about regulatory gaps. Where does existing law fall short? What needs to change?
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Tokenization of real-world assets has picked up serious momentum globally. Sovereign bond pilots, tokenized money market funds, repo transactions settled on distributed ledgers —…
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The FCA has been building out its digital assets regulatory posture for a while now. The Bank of England has run its own experiments with wholesale central bank digital currency…
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More context: Bereavement Support Under FCA Scrutiny as Fewer Than Half of Clients Feel Helped
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And the wholesale market angle is deliberate. Retail crypto regulation is its own complicated beast.
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Here's the honest part: what happens after the consultation closes is unclear. The Bank of England and the FCA will review the submissions and use them to shape potential policy…
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That's not unusual for a consultation at this stage. Regulators rarely commit to implementation timelines before they've seen what industry actually says.
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Firms that have already invested in tokenization infrastructure — and there are several in the UK — will probably be watching the post-July process closely.
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