UK dey near 24/7 RTGS & CHAPS as tokenization rules dey move with FCA/PRA

Bank of England (BoE) and UK Financial Conduct Authority (FCA) don open joint consultation to extend operating hours for RTGS and CHAPS payment and settlement systems make e near 24/7. Di aim be to help wholesale market support cross-border payments and future payment models as tokenization and distributed ledger technologies dey develop. Consultation dey run till July 3, and dem plan to issue feedback statement for summer. For another side, Prudential Regulation Authority (PRA) don update guidance for bank CEOs. E talk say tokenized financial instruments suppose get same regulatory treatment as traditional instruments when legal rights and risk profiles dey comparable. This interim guidance come replace earlier (2022) rules, ahead of long-term prudential framework wey no go happen before 2028 after Basel review wey cover tokenization, stablecoins, and permissionless blockchains. For crypto markets, FCA still be lead regulator and dem still dey run separate consultation on their crypto regime, including stablecoin issuance, trading, custody, and staking, with full implementation target for October 2027. FCA earlier work also signal say dem go allow on-chain records to act as principal ledger for fund tokenization, so dem no go depend too much on extra off-chain transaction record. Trading takeaway: na market-structure and regulatory-infrastructure story, no be immediate price catalyst. Still, the move toward tokenization-ready settlement (tokenization + extended settlement hours) fit improve liquidity and execution over time, while clearer guardrails fit support wider institutional adoption.