Isabel Schnabel of the ECB presented three ways to put central bank money on a distributed ledger at the Bank of England on 1 October 2026. The slides rank none of them and set no date for a choice.

FS26/1 changes no rules. Its value to a founder or platform is that it shows which parts of a tokenisation plan can go ahead on today's rules, and which still depend on decisions to come.

The Bank of England has cleared a company that is not a bank to run a live digital securities depository, and the assets on its opening list are ordinary listed shares and government bonds rather than anything experimental.

The ECB launched Pontes on 21 September 2026, letting 13 banks and four DLT platforms settle tokenised asset trades in central bank money, and said it will invest part of its own funds in tokenised bonds. The Bank of England is still testing.

The Financial Conduct Authority and the Bank of England have committed to a clear route from the Digital Securities Sandbox to permanent tokenised market infrastructure, after industry told the regulators that pilots are no longer enough.

For years, anyone building in tokenisation in the UK has had to plan around a moving target. The rules were coming, everyone agreed, but their shape was a matter of consultation papers and educated guesses. That ended on 30 June, when the Financial Conduct Authority published the final rules and gui

On 15 May 2026, the Prudential Regulation Authority sent a letter to the chief executives of all UK-regulated banks and designated investment firms setting out how it expects them to treat tokenised assets, stablecoins and other cryptoasset exposures from a prudential perspective. Published jointly

There are events that generate press releases. And then there are the conversations that actually move markets forward, held away from the noise, where the people building real infrastructure say what they genuinely think.

On 15 December 2025, HM Treasury laid the draft cryptoasset regulations before Parliament, formally bringing a wide range of cryptoasset activities inside the FSMA regulatory perimeter. The instrument was published as the Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 (SI 2026/102) in February 2026.

At the Tokenisation Summit back in January 2026, Sasha Mills of the Bank of England outlined a clear priority for the coming year: building the foundations for the next generation of digital financial infrastructure. Her speech focused on three areas that will shape the UK’s approach to digital markets: regulated stablecoins tokenised collateral expansion of the Digital Securities Sandbox