HSBC has become the first company approved by the Bank of England to launch a digital assets platform in the UK’s Digital Securities Sandbox.
The approval allows HSBC Orion to go live in the sandbox, which supports tokenized bond issuance and settlement.
HSBC said it was the first applicant approved by the Bank of England for the initiative.
The move marks an early step in testing digital asset infrastructure under regulatory oversight in the United Kingdom.
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A UK Treasury-backed task force is advancing plans to bring tokenized repo, gilts and funds to live markets within the next year. The effort includes major firms and highlights Ripple as a model for convergence between traditional finance and crypto networks.
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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Sony Bank has received preliminary conditional approval from the Office of the Comptroller of the Currency to establish a national trust bank subsidiary for dollar-denominated stablecoins. The New York-based unit, named Connectia Trust, will be fully owned by Sony Bank and capitalized with $40 million.
Coinbase has secured UK regulatory authorization to offer equities and derivatives alongside crypto services. The approval advances the company's expansion in one of its key international markets.
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A cross-party group of UK parliamentarians has begun an inquiry into barriers crypto firms face in accessing bank accounts and making transactions. The effort focuses on whether bank restrictions are proportionate and affect investment and growth.
The Bank of England is reviewing proposed caps and reserve rules for sterling stablecoins following industry backlash. Officials aim to keep stablecoin issuers onshore in the UK.
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Paxos Securities Settlement Company has received full registration from the U.S. Securities and Exchange Commission to operate as a clearing agency. The approval makes the firm the first blockchain-native entity authorized to clear and settle traditional equities in the United States.