Travers Smith joins the Digital Pound Foundation’s membership community to co-lead its Policy, Legal and Regulatory Working Group
We are excited to announce the addition of Travers Smith to the Digital Pound Foundation (DPF) as Associate Members. Partner Natalie Lewis will also Co-Chair the DPF’s Policy, Legal and Regulatory working group. Alongside Chris Glennie, Partner at CMS, Natalie will take a leading role in driving the Foundation’s policy and regulatory engagement agenda and […]
Tokenization and DLT Set to Reshape European Financial Systems
In a notable speech this week, European Central Bank (ECB) Director Piero Cipollone advocated for the creation of a European ledger to support tokenization in capital markets. This would serve as the EU’s equivalent of a Unified Ledger. Cipollone acknowledged the difficulties in establishing a traditional Capital Markets Union, particularly the need for greater legal […]
Agant joins the Digital Pound Foundation to support development of a GBP stablecoin ecosystem
We are delighted to announce the addition of Agant to the Digital Pound Foundation as Associate Members. Among other planned activities, Agant intends to take an active part in the DPF’s Policy, Legal and Regulatory Working Group. Agant is building a pound sterling stablecoin (GBPA), domiciled and regulated in the UK. It aims to provide […]
Visa Partners with Spanish Banking Giant BBVA for 2025 Stablecoin Launch
BBVA, the Spanish banking giant, is preparing to enter the stablecoin market, with plans to launch its own digital asset in 2025, supported by Visa. According to Francisco Maroto, BBVA’s head of digital assets and blockchain, the bank is currently participating in a new Visa programme designed to help firms develop their own tokenised assets. […]
Russia Adjusts Digital Rouble Rollout, Mandating CBDC Acceptance by July 2025
Elvira Nabiullina, the Governor of the Bank of Russia, has confirmed that the digital rouble, the nation’s central bank digital currency (CBDC), remains on track for its mass rollout in July 2025. This announcement follows adjustments to the digital rouble’s pilot programme and new obligations for banks and merchants regarding CBDC adoption. Earlier reports indicated […]
Bank of England Addresses Opportunities and Risks of Digital Assets in Recent Speech
In a recent address during Digital Assets Week in London, Sasha Mills of the Bank of England discussed the evolving landscape of digital assets and payments, highlighting both the opportunities and risks these innovations present in achieving the Bank’s monetary and financial stability objectives. Mills expressed her enthusiasm for participating in the event, emphasising the […]
Quant, R3, and Banking Giants Pave the Way for Tokenized Payments in the UK
We are pleased to highlight the recent publication of UK Finance’s report on the UK Regulated Liability Network (RLN) project. This report encapsulates the experimentation phase conducted in collaboration with key industry players including Barclays, Citi, HSBC, Lloyds Banking Group, Mastercard, NatWest, Nationwide, Santander, Standard Chartered, Virgin Money, and Visa. This innovative financial market infrastructure […]
BoE and FCA Invite Applications for UK’s Digital Securities Sandbox
In January, the UK introduced new legislation establishing a five-year Digital Securities Sandbox (DSS) that temporarily eases certain legal requirements to enable the exploration of emerging technologies, including distributed ledger technology (DLT) experimentation. Today, the Bank of England and the Financial Conduct Authority (FCA) have opened applications for participation in the sandbox. In traditional markets, […]
UK Finance Announces RLN Success: Quant Amongst Other Industry Leaders Exploring the Future of Tokenised Payments
UK Finance has announced the successful completion of the Regulated Liability Network (RLN) Experimentation Phase, a pioneering initiative aimed at enhancing the UK’s financial market infrastructure. This collaborative effort, involving eleven major financial institutions, including Barclays, HSBC UK, and Mastercard, alongside technology partners such as R3 and Quant, explored the potential of RLN to revolutionise […]
40+ Financial Firms Join Project Agorá to Enhance Cross-Border Payments Using Tokenization
More than 40 private sector financial firms have joined forces with the Bank for International Settlements (BIS) and a consortium of leading central banks in Project Agorá, a groundbreaking initiative aimed at enhancing wholesale cross-border payments through tokenization. The project is being facilitated by the Institute of International Finance (IIF) and represents a significant step […]
