PANews reported on October 2 that according to Cointelegraph, the Bank of England (BoE) and the UK financial regulator launched the Digital Securities Sandbox (DSS) to explore how digital ledger technology (DLT) can be applied to the notarization, maintenance and settlement of financial securities. The FCA recognizes that developing technologies have the potential to bring efficiency, transparency and resilience to the market. The regulator said that if these technologies are successfully implemented, they can "bring savings to the entire market and its users" by reducing process costs and speeding up. The regulator emphasized that the DSS will promote the trading, settlement and issuance of digital securities in the UK. This will be done on programmable and distributed ledgers while complying with the regulations of the Bank of England and the Financial Conduct Authority.