What are the proposed changes to the UK's tokenised payments framework?

HM Treasury said the updated framework supports programmable payments, tokenised deposits, stablecoins and other forms of digital money. The proposal also aims to create payment infrastructure that enables interoperability between new and existing payment systems.

How is the Financial Conduct Authority changing crypto regulation in the UK?

The Financial Conduct Authority said crypto firms operating in the UK must obtain authorisation under its new regulatory framework. The licensing window will open from September until Feb. 28, 2027, before the regime takes effect on Oct. 25, 2027.

What does the Bank of England's settlement proposal mean for tokenised payments?

The Bank of England proposed extending settlement system operating hours towards near-24/7 availability to support tokenised finance and cross-border payments. The central bank is collecting public feedback until July 3 before publishing its response later this year.

How could tokenisation affect the UK's financial sector?

HM Treasury and the Financial Conduct Authority said tokenisation could support payment innovation and improve efficiency across financial markets. Regulators said the updated framework is intended to help traditional payment systems interact with new forms of digital money.

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UK backs tokenised payments in blueprint

Q: Why is HM Treasury updating the UK's payments roadmap to support tokenisation?

HM Treasury updated the UK's payments roadmap to support tokenisation and new forms of digital money as part of its plan to build a multi-money retail payments ecosystem. The blueprint calls for infrastructure that allows tokenised assets and traditional payment systems to operate together.

Written by Mahathir BayenaPublished Jul 3, 2026, 12:00 AMLast Updated Jul 2, 2026, 11:57 PM

UK regulators have updated the country's retail payments roadmap to support tokenisation and new forms of digital money.
The blueprint calls for payment infrastructure that allows tokenised assets and digital money to work with existing payment systems.
The proposal aligns with broader UK regulatory reforms as the FCA prepares to introduce its crypto licensing regime in 2027.

HM Treasury updated the UK's National Payments Vision roadmap to support tokenisation and new forms of digital money as part of plans to build a multi-money retail payments ecosystem.

The revised blueprint calls for payment infrastructure that enables emerging forms of digital money to interact with traditional payment systems, with regulators identifying programmable payments using tokenisation as a potential driver of innovation.

HM Treasury said the proposal builds on earlier plans to create a single regulatory framework covering traditional payments, stablecoins and tokenised deposits, while the Financial Conduct Authority's crypto licensing window is scheduled to open from September until Feb. 28, 2027, before the regime takes effect on Oct. 25, 2027.

The government said the roadmap is intended to support future payment technologies while maintaining interoperability across payment systems, and following the announcement there was no direct market reaction.

The proposals follow the Bank of England's consultation on extending settlement system operating hours towards near-24/7 availability to support cross-border payments and tokenised financial markets, with public feedback closing on July 3.

The Financial Conduct Authority has also said tokenisation and distributed ledger technology could improve efficiency in the UK's asset management sector as regulators continue developing the country's digital asset framework.