BlockBeats News, May 18th - The UK Financial Conduct Authority (FCA) and the Bank of England (BOE) jointly launched a public consultation on Monday, seeking industry feedback on the regulation of the UK's tokenized wholesale financial market, infrastructure, and market practices.

This consultation is part of the UK's Digital Financial Market Strategy, focusing on tokenized securities and post-trade infrastructure, covering aspects such as prudential regulation, tokenized collateral, and settlement tools. Regulatory authorities stated that there are significant opportunities for tokenization in post-trade processes and collateral management.

The consultation is open to banks, investment firms, asset management companies, central securities depositories (CSDs), central counterparties (CCPs), trading platforms, fintech companies, and others. The current scope mainly involves tokenized bonds, stocks, and fund shares, with the possibility of future expansion.

Market participants can submit feedback by July 3rd. The FCA and the Bank of England plan to release a feedback document in the summer of 2026 and launch a roadmap for the development of the digital wholesale market within the year.

Meanwhile, UK regulatory agencies are advancing the "Digital Securities Sandbox" initiative. Currently, 16 companies have passed the first stage of review and are testing the issuance, trading, and settlement of tokenized securities.

In addition, the Bank of England separately released a consultation paper on extending the operating hours of the RTGS and CHAPS systems, aiming to gradually move towards a close to 24/7 operating mode. The target is to launch synchronized settlement services by 2028 to support tokenized assets for central bank operations and central counterparty collateral use.