Bank of England consults on near-24/7 settlement for tokenized assets

May 23, 2026

Reported by AI

The Bank of England launched a consultation on May 18 to extend settlement hours for its RTGS and CHAPS systems toward near-continuous operation. The move aims to align traditional infrastructure with tokenized finance and stablecoin markets. Proposals include weekend settlement and synchronization services for digital assets.

On May 18 the BoE opened formal consultation on lengthening hours for the Real-Time Gross Settlement system and CHAPS high-value payments network. The plans call for an extra settlement day on weekends and certain bank holidays, plus longer windows on existing days. No changes would occur before 2029, with fuller hours arriving no earlier than 2031.

Illustration of Bank of England easing stablecoin rules with a £40 billion cap and government debt reserves.

Bank of England eases stablecoin rules with £40 billion cap

June 22, 2026 Reported by AI Image generated by AI

The Bank of England has replaced proposed limits on individual and corporate stablecoin holdings with a temporary £40 billion issuance guardrail per coin. The move also allows issuers to hold more reserves in government debt while preparing for a 2027 launch of regulated stablecoins.

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The Bank of England and the Financial Conduct Authority have launched a joint Call for Input to advance tokenization in UK financial markets. The initiative seeks industry feedback on rules and infrastructure changes. It aims to shift tokenization from pilots to full production.

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Outdated Basel rules may limit banks' crypto holdings

June 28, 2026 Reported by AI

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The stablecoin industry is pushing back against the Bank of England's proposed ban on unhosted wallets. Industry observers warn that restricting such wallets could limit key applications like remittances.

July 13, 2026 15:24