Bank of England and FCA launch Digital Securities Sandbox

CoinMarketCap10-01

The Bank of England (BoE) and the United Kingdom’s financial regulator have launched a sandbox to explore how digital ledger technology (DLT) can be used in the notary, maintenance and settlement of ...

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The regulator said that if the technologies are implemented successfully, they could lead to “savings across markets and their users” by making processes cheaper and faster.The regulators highlighted that the DSS will facilitate the trading, settlement and issuance of digital securities in the UK. This will be done on programmable and distributed ledgers while complying with BoE and FCA regulations.According to the FCA, the initiative will strengthen the UK’s position as a glob","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FCA":"First Trust China AlphaDEX Fund","BK4563":"昨日强势股","BK4087":"商业印刷","DSS":"DSS Inc"},"translate_title":"英国央行和FCA推出数字证券沙盒","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DSS":1,"FCA":1},"content_text":"The Bank of England (BoE) and the United Kingdom’s financial regulator have launched a sandbox to explore how digital ledger technology (DLT) can be used in the notary, maintenance and settlement of financial securities. \nOn Sept. 30, the BoE and the Financial Conduct Authority (FCA) announced the Digital Securities Sandbox (DSS), which allows companies to explore the benefits of DLT for financial securities. \nThe FCA recognized that developing technologies have the potential to bring efficiency, transparency and resilience to markets. The regulator said that if the technologies are implemented successfully, they could lead to “savings across markets and their users” by making processes cheaper and faster. \nThe regulators highlighted that the DSS will facilitate the trading, settlement and issuance of digital securities in the UK. This will be done on programmable and distributed ledgers while complying with BoE and FCA regulations. \nStrengthening the UK’s position as a financial hub\nAccording to the FCA, the initiative will strengthen the UK’s position as a global financial center. The financial regulator said it will create the right conditions for investment and sustainable growth. \nFirms at all stages and sizes are welcome to apply to participate in the DSS as long as they are legally registered in the UK. The FCA wrote: \n\n “This could be an existing financial institution that is already authorized or recognized under current regulation or a new entrant to the market.” \n\nThe FCA noted that the DSS runs until December 2028 but can be extended. However, the window for applications to participate in the sandbox will close on March 2027, allowing regulators and companies to transition to a more permanent regime. \nRelated: European Blockchain Sandbox onboards 41 regulators in second cohort\nSettling real digital securities\nThe BoE highlighted that the DSS will have four stages: testing, go-live, scaling and a permanent regime. \nThe regulator highlighted that in its second stage, the DSS will include issuing, trading and settling real digital securities, which are used similarly to traditional securities. According to the BoE, this could include equities, corporate and government bonds, money market instruments, fund units and emissions allowances. \nThe BoE also added that it would pursue three goals with the FCA. This includes promoting a safe, efficient and sustainable financial system, protecting financial stability and ensuring market integrity. \nMagazine: Crypto-Sec: $11M Bittensor phish, UwU Lend and Curve fake news, $22M Lykke hack","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2472977320"}