Bank of England, FCA Set Out ‘Shared Vision’ for Tokenization

In brief

• The FCA and Bank of England have launched a joint Call for Input setting out a "shared vision" for tokenisation in UK wholesale markets.
• The regulator and central bank aim to clarify rules on prudential treatment, tokenised collateral, and settlement instruments.
• The announcement follows a week of softening signals from the Bank of England on stablecoin rules.