BoE aims to write the playbook for the future of the UK's digital financial landscape. The Bank of England will focus on advancing a systemic stablecoins regime, setting out policy clarity on tokenised collateral under UK EMIR, and broadening the scope of the Digital Securities Sandbox in 2026, according to Sasha Mills, the bank’s Executive Director for Financial Market Infrastructure. Under the proposed stablecoin framework, systemic issuers would receive deposit accounts at the Bank of England, with a potential liquidity facility as a backstop. On tokenized collateral, the bank plans to issue policy guidance on how such assets can operate under the existing UK EMIR rules. Mills stressed that resilient Financial Market Infrastructures, risk-based supervision, and international collaboration are essential to unlocking innovation while protecting the stability of the financial system.