EACH Response: Financial Conduct Authority & Bank of England Joint Vision – Tokenisation for UK Wholesale Markets – July 2026
EACH calls for technology-neutral regulation to unlock the benefits of tokenisation
EACH has responded to the Financial Conduct Authority (FCA) and Bank of England’s Joint Vision for Tokenisation in UK Wholesale Markets, welcoming the initiative as a timely step in providing clarity for financial markets. We particularly emphasise:
- The support the FCA and Bank of England’s vision
- That tokenisation creates opportunities via tokenised collateral, digital cash and DLT to improve collateral mobility, settlement efficiency and cross-border operations.
- The importance of a technology-neutral regulation based on the principle of “same risk, same regulatory treatment.”
- Tokenisation complements existing standards for risk management, netting, settlement finality and operational resilience.
- Encourages greater international interoperability and alignment between UK, EU and global initiatives.