UK payments blueprint outlines tokenized payments for ‘multi-money ecosystem’
UK regulators want tokenization and other forms of digital money built into the core of future retail payments. HM Treasury, for the Payments Vision Delivery Committee, said this would help create a “diverse multi-money ecosystem” and support programmable payments. The plan calls for infrastructure that lets digital money work alongside traditional payment systems. This fits a broader UK push to modernize payments. The government has already said it will review payments and e-money rules to support stablecoins, tokenized deposits, and tokenized payments. The Bank of England is also considering near-24/7 settlement infrastructure to better support tokenized finance and cross-border payments. At the same time, the FCA has launched a major crypto regulatory framework. Crypto firms such as trading platforms, custodians, stablecoin issuers, and staking providers will need FCA authorization, with the licensing window opening in September and the regime due to go live in October 2027.
