Hedera Joins BlackRock, Ripple and Chainlink in Shaping UK Tokenised Markets

The UK Financial Conduct Authority and Bank of England recently published Feedback Statement FS26/1, summarizing 123 industry responses regarding the tokenization of wholesale markets. Major industry players including Hedera, BlackRock, Ripple, and Chainlink participated in the consultation, collectively urging regulators to move beyond temporary sandboxes toward full production environments. Respondents emphasized that interoperability, governance, and auditability are essential for institutional adoption, with a specific focus on improving collateral mobility to reduce excess capital buffers. The regulators confirmed that the Digital Securities Sandbox currently supports scalable live activity and committed to publishing a comprehensive UK wholesale tokenization roadmap later in 2026. This roadmap will establish target dates for various workstreams, including the integration of central bank money settlement by 2028. Hedera’s involvement is particularly notable due to its existing track record with FCA-regulated exchange Archax, which has already issued tokenized money market funds on the network. As the UK prepares for the first Digital Gilt Instrument issuance on HSBC Orion in 2027, the alignment between private blockchain protocols and government infrastructure remains a critical driver for the market. This collaborative effort signals a shift toward permanent regulatory authorization for tokenized financial assets in the United Kingdom.