**UK Launches Digital Securities Sandbox to Explore Blockchain Tech**

The Bank of England and the Financial Conduct Authority have introduced the Digital Securities Sandbox (DSS) to test digital ledger technology (DLT) in financial securities. Announced on Sept. 30, the DSS aims to enhance efficiency, transparency, and resilience in markets.

Key Points:

- DSS will facilitate trading, settlement, and issuance of digital securities on distributed ledgers.

- Open to all legally registered UK firms, from established institutions to new market entrants.

- The initiative runs until December 2028, with applications closing in March 2027.

- The DSS will progress through stages: testing, go-live, scaling, and a permanent regime.

This move is set to bolster the UK's status as a global financial hub, fostering investment and sustainable growth.