The Bank of England (BoE) has set out plans to accelerate tokenisation and regulated stablecoins in UK financial markets, highlighting efforts to modernise payments, settlement, and collateral management while safeguarding financial stability. Global stablecoin transactions increasingMills confirmed the BoE is pressing ahead with a regulatory framework for systemic stablecoins, which will be jointly supervised with the Financial Conduct Authority (FCA). “Our regime proposes to provide systemic stablecoins with a deposit account at the Bank of England while also considering putting in place a liquidity facility to provide a backstop for stablecoin issuers,” she said. A second focus is tokenised collateral, blockchain-based representations of traditional financial assets. The BoE is clarifying how tokenised collateral can operate under the UK’s version of the European Market Infrastructure Regulation (EMIR), with further policy guidance expected later this year.