UK regulators are set to draft a tokenization roadmap after gathering feedback from the industry. The focus is on bringing tokenization to the wholesale financial market, with ongoing discussions around real-world implementation scenarios.

What the FCA Consultation Revealed

The Financial Conduct Authority (FCA) received 123 responses to its wholesale tokenization consultation. Most respondents pointed to post-trade processes as the biggest opportunity for rolling out the tech. That focus highlights where the market wants to see tokenization put to work first.

What’s Next: The Tokenization Roadmap

Building on the feedback, the FCA will develop a roadmap based on the priorities flagged by industry participants. The emphasis on post-trade sets the tone for initial projects and will help shape the next steps toward bringing tokenization to wholesale operations.