Bank of England to prioritize systemic stablecoins and tokenised collateral policy in 2026

The Bank of England (BoE) plans to prioritize key digital finance initiatives in 2026, according to Executive Director Sasha Mills. This focus includes advancing a systemic stablecoins regime, where major issuers could receive deposit accounts at the BoE with a liquidity backstop structured around UK gilts and BoE deposits. The bank aims to finalize this stablecoin framework by year-end, working with the Financial Conduct Authority. Furthermore, the BoE will issue policy guidance on tokenized collateral under UK EMIR rules, potentially allowing tokenized eligible assets to qualify if risks are mitigated. The Digital Securities Sandbox will also be expanded to include regulated stablecoins for wholesale settlement testing, all aimed at modernizing payments and fostering innovation while maintaining financial stability.

(Source：Crypto Briefing)