Business

Bank of England sets out approach to tokenised collateral in central clearing

Bank of England·Oct 29, 2026 · 5:00 AM CT
Read the original at Bank of England
Readthrough summary

The Bank of England has launched a consultation aimed at supporting central counterparties (CCPs) that want to accept tokenised versions of eligible collateral.

The Bank says tokenisation could allow quicker, more efficient mobilisation and management of collateral, including across jurisdictions, helping firms meet margin calls and supporting innovation in central clearing as part of the UK's wholesale digital markets strategy.

It does not see the existing regulatory framework as a barrier, provided tokenised collateral meets clearing standards: it must remain capable of being valued, transferred and realised when needed, including under stressed conditions. A proposed Supervisory Statement would explain how the Bank will assess such applications, following the principle of "same risk, same regulatory outcome."

Key points

  • Consultation on tokenised collateral at CCPs
  • Existing rules not a barrier if standards are met

Summary written by Readthrough from the original article. The full story, with photos and any updates, is at Bank of England.

Read the original at Bank of England

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