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U.K. Regulators Outline Roadmap for Tokenization and Extended Settlement Hours

The Bank of England and Financial Conduct Authority released plans for tokenization in wholesale markets and a phased move toward near-continuous settlement. The proposals seek public feedback and include changes to CHAPS and RTGS systems.

CoinDesk
1 source·May 18, 12:00 PM(11 days ago)·1m read
U.K. Regulators Outline Roadmap for Tokenization and Extended Settlement HoursCoinDesk
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U.K. wholesale markets on May 18, 2026. The regulators said tokenization could change how assets are issued, traded, and settled. They invited public comment on how current rules support or limit its use.

England will extend CHAPS settlement hours beginning in September 2027. m. on weekdays to align with Asian trading. Sunday and bank holiday settlement is planned no earlier than 2029. Continuous 22-hour weekday operation is scheduled no earlier than 2031.

The FCA confirmed last month that blockchain records can serve as a firm's primary records. The agency also outlined rules allowing stablecoins to settle unit deals ahead of the final crypto framework in October 2027. The FCA consultation on tokenization closes July 3. The Bank of England consultation on settlement hours closes August 10.

Key Facts

CHAPS extension
Starts September 2027 with 1:30 a.m. weekday openings
Consultation deadlines
FCA July 3, Bank of England August 10
Blockchain records
Now accepted as primary firm records per FCA
regulationtokenizationfinancial-infrastructure

Story Timeline

3 events
  1. May 18, 2026

    Bank of England and FCA release joint tokenization and settlement roadmap.

    1 sourceCoinDesk
  2. September 2027

    CHAPS settlement hours begin extending to early morning weekday starts.

    1 sourceCoinDesk
  3. October 2027

    U.K. final crypto framework scheduled to take effect.

    1 sourceCoinDesk

Potential Impact

  1. 01

    High-value payments could settle earlier in the day once CHAPS hours expand.

  2. 02

    Firms may reduce duplicate record-keeping costs after blockchain records gain acceptance.

Transparency Panel

Sources cross-referenced1
Confidence score75%
Synthesized bySubstrate AI
Word count137 words
PublishedMay 18, 2026, 12:00 PM
Bias signals removed2 across 1 outlet
Signal Breakdown
Editorializing 1Amplifying 1
Original Sources
CoinDeskUK’s financial payments network is ready for tokenization, regulators say

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