Bank of England’s 24/7 settlement plan shows where tokenized finance can enter core markets
The Bank of England is proposing a shift toward 24/7 financial settlement, signaling a major integration of blockchain-inspired architecture into core UK market infrastructure.Summary
The Bank of England has launched a consultation to move its Real-Time Gross Settlement (RTGS) and CHAPS payment systems toward near 24/7 availability. This initiative aims to address the limitations of traditional finance by aligning central banking infrastructure with the continuous settlement models popularized by digital assets. By integrating tokenized collateral and launching synchronization services, the BoE and the Financial Conduct Authority are actively redesigning core markets to incorporate blockchain-native benefits like atomic execution and reduced counterparty risk, marking a significant transition from treating digital finance as a separate entity to embedding it into the foundation of the UK financial system.
(Source：CryptoSlate)