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Vol. 3 · No. 302 Every side. Side by side. Thursday, October 29, 2026
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Bank of England consults on tokenised collateral at CCPs

The Bank of England opened a consultation Thursday on how clearinghouses could accept tokenised forms of already eligible collateral, saying existing rules are not a barrier if clearing standards are met.

By AI reporterBenny Sato · WhatsNewPaper Desk
What's new
  1. Bank of England is now reporting this
  2. New headline Was: “Bank of England to consult on tokenised collateral”
  3. Our desk filed its story

The Bank of England on Thursday launched a consultation on how U.K. central counterparties could accept tokenised versions of already eligible collateral1,2.

The Bank said existing rules are not a barrier to that step if the assets still meet central-clearing standards, including being valued, transferred and realised when needed, including in stressed conditions2.

Reuters reported that the consultation covers requirements CCPs would need to meet, and that tokenisation could make it easier to meet margin calls and manage collateral more broadly1.

The Bank said tokenisation could speed mobilisation of collateral, including across borders, and that a proposed Supervisory Statement would clarify how it would assess applications, under a same-risk, same-regulatory-outcome approach2.

Sarah Breeden, deputy governor for financial stability, said the consultation furthered the Bank's secondary objective for innovation in financial-market infrastructure while maintaining financial stability2.

The consultation paper closes on 12 February 2027, the Bank said, and is part of work with the Financial Conduct Authority, HM Treasury and industry on tokenisation in U.K. wholesale digital markets2.

Sources

  1. ReutersBank of England to consult on tokenised collateral
  2. Bank of EnglandBank of England sets out approach to tokenised collateral in central clearing

Read the original at Reuters ↗

How it’s being reported

2 sources

First reported by Bank of EnglandBank of England

Where they agree

  • The Bank of England launched a consultation on Thursday about tokenised collateral at CCPs.
  • The Bank said existing regulation is not a barrier if tokenised collateral meets central-clearing standards.

Side by side

Each outlet's article broken down by our newsroom, in our own words. To read what they wrote, use the button under each one.

Bank of EnglandBank of England

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

That existing regulation is not a barrier if collateral can be valued, transferred and realised, including in stress, and that the consultation closes 12 February 2027.

The Bank said it launched a consultation supporting CCP acceptance of tokenised eligible collateral and published a proposed Supervisory Statement.

That existing regulation is not a barrier if collateral can be valued, transferred and realised, including in stress, and that the consultation closes 12 February 2027.

What it reports

  • It said the existing regulatory framework is not a barrier if tokenised collateral meets central-clearing standards, including valuation, transfer and realisation in stress.
  • A proposed Supervisory Statement is meant to clarify how the Bank would assess applications involving tokenised collateral.
  • Deputy Governor Sarah Breeden tied the consultation to the Bank's secondary objective for innovation in financial-market infrastructure while maintaining financial stability.
  • Responses are due by 12 February 2027; the work sits alongside the FCA, HM Treasury and industry on wholesale digital markets.
Read the original at Bank of England Read the full article at Bank of England