UK Proposes Near-24/7 Settlement to Prepare Markets for Tokenization

Cointelegraph Staff

(02:59 PM UTC)

1 min read

The Bank of England on Monday proposed extending operating hours for its core settlement infrastructure toward near-24/7 availability, part of a broader push with the Financial Conduct Authority (FCA) to prepare UK wholesale markets for tokenized finance.

The proposal seeks to add weekend and extended daily operating hours to the central bank's settlement mechanism, Real-Time Gross Settlement…

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