Bank of England consults on CCPs accepting tokenised collateral in clearing
The Bank of England has opened a consultation on how central counterparties can accept tokenised forms of eligible collateral. It covers a proposed Supervisory Statement clarifying how the Bank would assess such applications, and sits within the wider UK push on digital wholesale markets. Worth a few minutes for anyone running collateral, clearing or tokenisation workstreams.
- The Bank of England opened the consultation on 29 October 2026, with responses due by 12 February 2027.
- The Bank considers the existing regulatory framework is not a barrier to CCPs accepting tokenised eligible collateral, provided it meets central clearing standards.
- Tokenised collateral must remain capable of being valued, transferred and realised when needed, including in stressed conditions.
- A proposed Supervisory Statement would clarify how the Bank assesses applications involving tokenised collateral, applying same risk, same regulatory outcome.
- The work is part of joint activity with the FCA, HM Treasury and industry on UK digital wholesale financial markets.