UK Banks Complete Experimental Phase of Digital Money Project

UK Finance and its member banks have successfully completed the experimental phase of a tokenisation and CBDC platform.

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UK Finance, Member Banks See Benefits During Experimental Phase of a Tokenization, CBDC Platform

Barclays, Citi UK, HSBC and Natwest participated in the Regulated Liability Network test.

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Barclays explores digital pound design options

Barclays published a paper exploring options for various digital pound functionality. It concludes an FMI should be responsible.

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Bank of England looks to update RTGS by exploring wholesale CBDC, synchronization

After the real-time gross settlement crash in July, the BOE is looking for a solution to update the network, proposing synchronization for the revamp while considering wCBDCs as an alternative to the current system.

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Bank of England to experiment with wholesale CBDC, synchronization

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Bank of England to Carry Out CBDC, Digital Ledger Experiments

In a new discussion paper, the U.K. central bank also said it wants to ensure stablecoins are interchangeable with the pound.

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