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 […]
New UK Law Grants Legal Protection to Digital Assets such as Cryptocurrency and NFTs
In a historic move, the UK government last week introduced the Property (Digital Assets etc) Bill to Parliament, which for the first time, recognises digital holdings as personal property under British law. This milestone legislation will cover a range of digital assets, including cryptocurrency, non-fungible tokens (NFTs) such as digital art, and carbon credits. The […]
Enryo Consulting Joins the Digital Pound Foundation to Help Advance the UK’s Payments Landscape
We are delighted to announce the addition of Enryo Consulting to the Digital Pound Foundation (DPF) as Associate Members. Enryo also plans to take an active part in supporting the work of the DPF’s Use Case Working Group. Founded in 2020, Enryo Consulting supports the financial services industry as it navigates times of change, Enryo […]
Accenture Invests in Fintech Firm EMTECH to Support Central Bank Modernisation
Accenture, a member of the Digital Pound Foundation, has announced its investment in EMTECH, a global financial technology company that provides software-as-a-service (SaaS) platforms to assist central banks in streamlining and modernising their operations. The investment, made through Accenture Ventures, aims to bolster EMTECH’s mission of transforming central banks’ financial and technological infrastructures, enabling them […]
Russia’s Largest Bank, Sberbank, Set to Launch Digital Rouble CBDC Operations in Early 2025
Sberbank, Russia’s largest bank, has announced plans to commence operations with clients using digital roubles in early 2025. The move marks a significant step in the country’s ongoing efforts to integrate digital currency into its financial system, as part of a broader initiative led by the Central Bank of Russia. Anatoly Popov, Deputy Chairman of […]
New members join the Board of Directors as the Digital Pound Foundation continues to grow
The Digital Pound Foundation (DPF) is pleased to announce the appointment of two new Directors to its Board. Thomas Hawkins, who will represent Accenture, and Lee A. Schneider, an Originating Member of the Digital Pound Foundation, both join the Board with immediate effect. Thomas Hawkins is EMEA Lead for Digital Assets, Digital Currencies and Tokenisation […]
Banking Circle Unveils EU’s First Bank-Backed MiCA-Compliant Stablecoin
Banking Circle S.A., a forward-thinking payments bank, has launched EURI, a new stablecoin pegged to the Euro that is fully compliant with the newly implemented Markets in Crypto Assets Regulation (MiCA). This launch marks a significant milestone as EURI becomes the first bank-backed stablecoin regulated under MiCA in the European Union (EU). EURI’s introduction follows […]
