UK Finance, Member Banks See Benefits During Experimental Phase of a Tokenization, CBDC Platform
Barclays, Citi UK, HSBC and Natwest participated in the Regulated Liability Network test.
CBDCUK Finance and its member banks have successfully completed the experimental phase of a tokenisation and CBDC platform.
To continue reading...
Sign in
Password *
Remember me
Lost your password?
Subscribe
Subscribe to Regulation Asia to gain access to APACs leading platform for news, analysis, research and verified data on financial regulation. Select More Information below to view our subscription packages or you can email us at subscriptions@regulationasia.com to discuss your options.
More Information
Request a Trial
Get in touch today to discuss a trial giving you unrestricted and unlimited access to Regulation Asia for you and/or your team(s) for a limited period. Email us at subscriptions@regulationasia.com
Barclays, Citi UK, HSBC and Natwest participated in the Regulated Liability Network test.
CBDCBarclays published a paper exploring options for various digital pound functionality. It concludes an FMI should be responsible.
CBDC Central Bank Digital Currency Digital PoundAfter the real-time gross settlement crash in July, the BOE is looking for a solution to update the network, proposing synchronization for the revamp while considering wCBDCs as an alternative to the current system.
CBDCCBDC
In a new discussion paper, the U.K. central bank also said it wants to ensure stablecoins are interchangeable with the pound.
CBDCThe Bank of England is planning wholesale CBDC (wCBDC) trials alongside RTGS synchronized payments as in Project Meridian
CBDC Central Bank Digital Currency