FCA and Bank of England set out shared vision for tokenisation in UK wholesale markets

On 18 May, the Financial Conduct Authority and the Bank of England published a joint call for input detailing a shared vision for tokenisation in UK wholesale markets and asking industry for views on how to support safe adoption. A move the authorities say is intended to give UK financial firms greater confidence to adopt distributed ledger technology while removing uncertainty on prudential treatment, tokenised collateral and settlement instruments.