UK payments blueprint outlines tokenized payments for ‘multi

Illustrative diagram of roles and responsibilities outlined in Payments Vision Delivery Committee update. Source: HM Treasury In April, the UK government said it would revisit its payments rulebook to support the adoption of new payment technologies, including stablecoins and tokenization. It said that would include a consultation on reforms for payment services and electronic money rules to create a single framework for traditional and tokenized payments, including stablecoins and tokenized deposits, according to an April 21 announcement by HM Treasury and Economic Secretary to the Treasury Lucy Rigby. Related: Aave Labs’ Push gains UK FCA crypto registration The following month, the Bank of England (BoE) proposed extending operating hours for its core settlement infrastructure toward near-24/7 availability, as part of a broader push with the FCA to prepare UK wholesale markets for tokenized finance. The BoE said the expanded operating hours would support cross-border payments and new payment and settlement models as tokenization develops. The central bank is seeking public feedback on the proposal until July 3 and plans to publish a feedback statement in the summer. Call for input on the future of tokenization in UK wholesale markets. Source: FCA The FCA said just days earlier that tokenization and distributed ledger technologies could make fund management more efficient and support the innovation of the UK asset management sector. Magazine: How crypto laws changed in 2025 — and how they’ll change in 2026 More on the subject