The Bank of England (BoE) and the UK Financial Conduct Authority (FCA) have announced the launch of the Digital Securities Sandbox (DSS) on April 3.
The new framework aims to facilitate the use of emerging technologies, such as distributed ledger technology (DLT), in issuing, trading, and settling financial securities. It will allow participating firms to explore innovative technological applications within a structured regulatory environment.
The initiative represents an effort by UK financial regulators to integrate cutting-edge technologies into the financial market infrastructure, aiming for a more efficient and resilient financial system.
Digital finance
Designed as a five-year program, the DSS is intended to let firms undertake roles traditionally associated with central securities depositories, including the issuance, maintenance, and settlement of securities.
Furthermore, the framework enables the integration of these roles with trading venue functionalities, potentially leadin
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