U.K. Finance, alongside 11 member banks, has concluded the experimental phase of a tokenization and CBDC platform, underlining its potential in delivering economic value and new payment functionalities.
The Regulated Liability Network showcases new capabilities for payments and settlements that include tokenization and programmability, responding to evolving needs in the financial market infrastructure.
The partnership illustrates how the platform aligns money and payment developments with public and private sector goals, leading to substantial long-term benefits for customers and the industry.
The initiative reflects a broader trend in financial institutions exploring tokenization for real-world assets, which aims to position the U.K. as a leader in securities tokenization.
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