Bank of England and FCA launch consultation on tokenized financial market regulation

According to the Financial Conduct Authority and the Bank of England, on May 18th, both sides launched a public consultation to solicit regulatory opinions on tokenized wholesale financial markets, covering areas such as tokenized securities, collateral, and settlement instruments. The consultation targets include banks, asset management institutions, trading platforms, etc. The feedback deadline is July 3rd. The two institutions plan to release feedback documents and launch a digital wholesale market roadmap in the summer of 2026. At the same time, the Bank of England is consulting on extending the operating time of RTGS and CHAPS systems, with the goal of achieving synchronous settlement services by 2028.