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BoE Says Tokenization Could Cut Costs and Speed Market Settlement
The Bank of England is sharpening its focus on digital money as policymakers assess how tokenization could reshape payments, settlement and competition across the UK financial system. Deputy Governor Sarah Breeden told London’s City Week on Tuesday that tokenization, or the representation of assets and money on digital ledgers, could reduce costs, speed settlement and improve the functionality of payments and financial markets. Her comments place tokenized money inside a wider modernization agenda rather than a narrow crypto policy debate. The central issue for the BoE is how to support new forms of digital money ... (full story)
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