The FCA and Bank of England are trying to move UK tokenisation out of sandbox mode and into wholesale market plumbing. They opened a call for input, due July 3, on prudential treatment, tokenised collateral and settlement instruments, while the Bank separately pushes RTGS and CHAPS toward near-24/7 settlement. The production tell is the 2028 target for a live synchronisation service, tokenised eligible assets as CCP and central bank collateral, and continued Digital Securities Sandbox work with 16 firms.

TLDR by @Benthic

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