Bank of England and FCA launch public consultation on tokenized wholesale financial markets According to BlockBeats, on May 18th, the Financial Conduct Authority (FCA) and the Bank of England (BOE) jointly launched a public consultation on Monday to solicit opinions from the industry on the regulation, infrastructure, and market practices of the UK tokenized wholesale financial market. This consultation is part of the UK's digital finance market strategy, focusing on tokenized securities and post trading infrastructure, covering areas such as prudent regulation, tokenized collateral, settlement tools, etc. Regulatory authorities have stated that tokenization presents significant opportunities in the post transaction process and collateral management. The consulting objects include banks, investment companies, asset management institutions, central securities depository institutions (CSDs), central counterparty clearing institutions (CCPs), trading platforms, fintech companies, etc. The current scope mainly involves tokenized bonds, stocks, and fund shares, and may be further expanded in the future. Market participants can submit feedback before July 3rd. FCA and the Bank of England plan to release feedback documents in the summer of 2026 and launch a roadmap for the development of digital wholesale markets within the year. At the same time, UK regulatory agencies are advancing the "Digital Securities Sandbox" program, with 16 companies currently passing the first phase of review and testing the issuance, trading, and settlement of tokenized securities. In addition, the Bank of England has separately issued a consultation document on extending the operating time of RTGS and CHAPS systems, planning to gradually move towards a near 7x24 operating mode, and aiming to launch synchronous settlement services by 2028 to support tokenized assets as central bank operations and collateral for central counterparties. [Original link]