CTM Responds to U.K. Authorities’ Joint Vision for the Future of Tokenization

Coalition outlines key principles to support interoperable, competitive, and trusted tokenized wholesale markets in the U.K. and globally.

The Coalition for Tokenized Markets (CTM) submitted comments to the U.K. Financial Conduct Authority (FCA) and the Bank of England in response to their joint Call for Input on the future of tokenization in U.K. wholesale markets.

In its response, CTM expressed support for the authorities’ vision and outlined key principles for realizing the full potential of tokenization, including equivalent treatment of tokenized and non-tokenized assets, regulatory and technological interoperability, globally aligned standards, robust AML and sanctions safeguards, fair competition, reduced liquidity fragmentation, and the equal treatment of tokenized instruments as collateral.

The response reflects CTM’s continued work to advance practical, forward-looking regulatory frameworks that support responsible innovation and strengthen the role of the U.K. within the global capital markets system.