Trade association U.K. Finance said it completed the experimental phase of a tokenization and central bank digital currency (CBDC) platform and is looking to work with regulators and other public bodies on developing payment networks based on the technology.
Involving 11 member banks, including Barclays, Citi UK, HSBC and Natwest, as well as professional service firms, the program concluded that such a platform would help deliver economic value and could enable new functionality such as programmable payments.
