Consultation response session: Financial Conduct Authority’s call for input on the safe adoption of tokenisation in UK wholesale financial markets
Event overview
June 15 @ 3:00 pm – 4:00 pm
- Date: Monday 15th June 2026
- Time: 15:00 – 16:00
- Location: Online (Zoom — joining details will be shared with registered attendees)
This call for input from the Financial Conduct Authority (FCA) and Bank of England (BoE) sets out a proposed vision and principles for the safe development of tokenisation in UK wholesale markets. Through this consultative process, the FCA and BoE aim to give industry the regulatory clarity it needs to invest in and scale up tokenised financial market infrastructure.
The FCA and BoE, including the Prudential Regulation Authority, are committed to enabling the benefits of tokenisation in the UK’s wholesale financial markets. There are already a number of initiatives to support the adoption of this new technology, but the authorities recognise there is more to do and that coordinated action is crucial to achieve meaningful adoption of tokenisation in UK markets.
This call for input represents a first step in this process. Responses will inform a joint roadmap, building directly on the Treasury’s Wholesale Financial Markets Digital Strategy (WFMDS). It is aimed at firms across the wholesale ecosystem and the focus is on tokenised securities (such as bonds, cash equities, and fund units), though the FCA and BoE will look beyond this in future.
This paper:
- Sets out a potential framework to consider the future use of tokenisation in wholesale markets, both the long-term end state and the transition to that.
- Makes clear the most important infrastructure, policy and regulatory principles, and operational considerations that the FCA and BoE propose to follow in any future changes to policy and regulations.
- Makes specific proposals in areas including the regulatory regime for issuing and exchanging digital assets, prudential and collateral treatment, and central bank money settlement of digital asset transactions.
- Offers an initial roadmap of initiatives that will support market evolution.
This call for input closes on Friday 3rd July 2026.
Why attend
This 60-minute online session for members of The Payments Association will provide a collaborative space to share views, test ideas, and contribute directly to the drafting of our formal response to the call for input.
This is a practical, discussion-led workshop designed to gather real member insight rather than presentations or briefings. We would appreciate as many members attending as possible to ensure our response is comprehensive and representative of the views of our membership.
