| Mobile Web

Search results for Bank of England

Fintech

HSBC enters UK digital securities sandbox after Bank of England approval

HSBC has received Bank of England approval to operate its digital asset platform, HSBC Orion, in the UK Digital Securities Sandbox. According to Cointelegraph, the platform supports the issuance, post-trade servicing and settlement of digital securities. HSBC Orion will operate as a digital securities depository within the sandbox. The platform supports bonds issued directly in digital form, including the planned UK digital gilt instrument and corporate bonds.

Crypto

U.S., UK align regulation on stablecoins and tokenisation, issue joint recommendations

U.S. and British finance authorities moved to align regulation on tokenised assets and stablecoins, issuing four digital-asset recommendations as part of a Transatlantic Taskforce for the Future of Markets. The proposals call for a cooperative framework to test cross-border uses of tokenised assets and for shared regulatory principles for stablecoins. They also set a 1:1 reserve requirement backed by high-quality liquid assets and point to building a cross-border stablecoin market.

Crypto

UK bets on digital gilts, seeks up to 33 billion pounds a year in economic gains through tokenisation

Britain could generate annual economic gains of up to 33 billion pounds by 2035 if it becomes a global leader in tokenised finance, a projection said. The UK government aims to issue its first digital gilt in 2027 and accelerate the build-out of market infrastructure linking tokenised bond issuance, trading and settlement. A policy report proposes blockchain trials for repo transactions and urges recognition of digital gilts as central bank collateral to support secondary-market activity.