The Bank of England and Financial Conduct Authority detail plans to integrate stablecoins into institutional settlement and expand 24/7 payment operations.
The UK’s Financial Conduct Authority and Bank of England have released a joint roadmap for tokenization, enabling the use of stablecoins in institutional settlement. The plan outlines a phased approach to modernize the financial payments network, including a transition toward 24/7 operations.
Regulators aim to align the UK’s infrastructure with global trends in digital assets, following similar initiatives in the EU and US. The roadmap does not specify timelines but signals regulatory readiness to support innovation in wholesale payments.
The announcement follows growing institutional interest in blockchain-based settlement solutions, though market reaction remains muted pending further details on implementation.