#BankOfEngland

🇬🇧 Bank of England goes 24/7: traditional finance copies blockchain

The days when billions of capital were “stuck” on weekends waiting for Monday are coming to an end. The Bank of England (BoE) has officially announced a plan to transfer its main payment systems (RTGS and CHAPS) to 24/7 operation.

UK regulators will no longer fight blockchain technologies - they are taking them as a model for restructuring the financial market.

⚡ The main points of the reform:

Phased transition (2029–2031): First, settlements will be added on Sundays and holidays, and later a continuous 23.5 \times 7 mode will be introduced.

Tokenization and collateral (2028): A synchronization service will be launched, which will allow tokenized assets to be used as official collateral. Settlements will become “atomic” (money and assets are transferred simultaneously), which eliminates the risk of counterparty default.

Green light for stablecoins: The Central Bank is ready for a “softer” approach for banks that will issue wholesale stablecoins for large businesses.

🎯 Why is this important?

1 Global race: The US, the EU (with MiCA) and Singapore are actively pushing. London is forced to accelerate in order not to lose its status as a financial capital.

2 The end of “frozen” capital: Banks will no longer have to hold giant liquidity buffers for the weekend.

3 Real tests: The government’s Digital Securities Sandbox is already testing the DIGIT digital government bond and the compatibility of stablecoins with central bank money.

⚠️ Conclusion: The era when crypto and traditional finance existed separately is coming to an end. The architecture of digital markets (continuity, programmability, speed) is becoming the new standard for central banks.