UK · Jurisdiction
United Kingdom
- verified items
- 4
- tracked initiatives
- 3
- banks with licence / notification
- 1
- upcoming dated deadlines
- 2
What banks are doing (observed)
Observed in verified tracker records — what banks in this market have verifiably been authorised for or launched. Not legal advice; open each source for scope.
Tokenized deposits
Citi, HSBC
Custody & trading
Standard Chartered
Key rules & official statements
Verbatim from regulator, central bank and standard-setter sources (Tier 1). Quotes are string-matched against the live page before every deploy.
Regimes tracked: UK cryptoasset regime
- T1RegulatorUKBoE's Sasha Mills: the legal and commercial frontier of digital assets
“In May, we, with the FCA, published a Call for Input on Tokenisation which set out our commitment to enabling the benefits of tokenisation in the UK's wholesale financial markets.”
- T1RegulatorUKFCA opens the gateway to regulated crypto
“For the first time, crypto firms operating in the UK will be brought into full FCA regulation, with clear standards covering consumer protection, safeguarding, market integrity and financial resilience.”
Financial Conduct Authority (opens source in new tab) · Authorisation gateway opens
- T1RegulatorUKBoE's Carolyn Wilkins: lessons from history for stablecoins and US dollar dominance
“The strategic issue here is what role stablecoins will play in a system where money, payments and geopolitical power are becoming increasingly intertwined.”
Deadlines & key dates
Dates are quoted from the official text; undated rules are shown as stated. All deadlines
28 Feb 2027
Firms that intend to continue operating in the UK should apply to the FCA by this date
UK cryptoasset regime · Application deadline · Financial Conduct Authority (opens source in new tab)
25 Oct 2027
New UK cryptoasset regime comes into force
UK cryptoasset regime · Regime in force · Financial Conduct Authority (opens source in new tab)
Licensed / notified banks
Banks whose initiative carries a regulator record (authorisation) or a MiCA Art. 60 notification in our tracker.
- Standard CharteredApproved / authorisedZodia Custody (SC Ventures / Northern Trust) — UK
Tracked bank initiatives
Citi Token Services for Cash
UnknownLive — commercial, within explicit scopeLive — commercial, within explicit scope
HSBC Tokenised Deposit Service (TDS)
UnknownLive — commercial, within explicit scopeLive — commercial, within explicit scope
Zodia Custody (SC Ventures / Northern Trust) — UK
Approved / authorisedLive — commercial, within explicit scopeLive — commercial, within explicit scope
Latest verified items
- T2Bank / FMIUK
Standard Chartered: Rethinking controls for institutional stablecoin adoption
- T1RegulatorUK
BoE's Sasha Mills: the legal and commercial frontier of digital assets
- T1RegulatorUK
FCA opens the gateway to regulated crypto
- T1RegulatorUK
BoE's Carolyn Wilkins: lessons from history for stablecoins and US dollar dominance
Authorities: Bank of England · Financial Conduct Authority