UK Finance and its 11 member firms complete pilot phase of tokenization and CBDC platform

Odaily Odaily News: UK Finance, the UK financial industry association, said it has completed the experimental phase of tokenization and CBDC platforms, and is seeking to work with regulators and other public institutions to develop a payment network based on the technology. The project involves 11 member banks, including Barclays, Citi UK, HSBC and Natwest, as well as professional services firms. The project concluded that such a platform would help create economic value and could enable new features such as programmable payments. UK Finance said in a statement that the Regulated Liability Network is a financial market infrastructure that "can provide new features for payments and settlements, including tokenization and programmability." (CoinDesk)