U.K. Finance has completed the pilot phase of its tokenization and CBDC platform.

- The project involved 11 banks, including Barclays, Citi UK, HSBC and Natwest.

- The platform has demonstrated improvements in economic value and functionality.

- The platform supports tokenization and programmable payments.

- The project has demonstrated long-term benefits for customers and the industry.

- The platform includes an API for interaction with various forms of money.