UK Financial Authorities Join Forces to Launch Digital Securities Sandbox

The Bank of England (BoE) and the UK Financial Conduct Authority (FCA) have announced their joint effort to launch the Digital Securities Sandbox (DSS). This initiative will serve as a testing ground for emerging technologies in the issuance, trading, and settlement of securities. Consequently, it will offer firms a unique opportunity to operate within a […]

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UK Financial Authorities Join Forces to Launch Digital Securities Sandbox

  • BoE & FCA launch Digital Securities Sandbox for tech innovation in finance.
  • Sandbox aims for a tech-friendly permanent securities regime within 5 years.
  • DSS to explore efficiencies in securities life-cycle & post-trade processes. 

The Bank of England (BoE) and the UK Financial Conduct Authority (FCA) have announced their joint effort to launch the Digital Securities Sandbox (DSS). This initiative will serve as a testing ground for emerging technologies in the issuance, trading, and settlement of securities.

Consequently, it will offer firms a unique opportunity to operate within a modified regulatory framework. The sandbox, set to run for five years, aims to inform the creation of a permanent, technology-friendly regime for the securities market.

Participating firms will gain the ability to manage the entire lifecycle of financial securities, including their issuance, maintenance, and settlement. This program also allows for the integration of these activities with…

The post UK Financial Authorities Join Forces to Launch Digital Securities Sandbox appeared first on Coin Edition.