The U.K. has introduced a new regulation that will allow the country’s financial watchdogs to run a sandbox for tokenized securities, according to a Monday publication. Sandboxes let companies test new solutions and products under regulatory supervision. With the new regulation – which will take effect on Jan. 8 – the Financial Conduct Authority (FCA) and the Bank of England will be able to operate the Digital Securities Sandbox (DSS), announced earlier this year. Businesses will also get to test distributed ledger technology that powers crypto to digitize or tokenize traditional securities. Tokenization of real assets is all the rage among financial institutions worldwide.
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