Detail of outcome
The government has confirmed its final approach to implementing the Digital Securities Sandbox, which will facilitate the use of digital assets in financial markets. This document summarises the feedback on the consultation, which was published on 10 July 2023 and closed 22 August 2023, and sets out the government’s response. Legislation implementing the DSS will be laid before Parliament in due course.
Original consultation
Consultation description
This consultation sets out HM Treasury’s proposed approach to delivering a Digital Securities Sandbox (DSS), which will be the first financial market infrastructure sandbox delivered under the powers granted as part of the Financial Services and Markets Act 2023. The DSS will facilitate the testing and adoption of digital securities across financial markets. Through the DSS, industry will be able to set up financial market infrastructures that utilise digital asset technology, which can perform a number of activities in relation to digital securities under a temporarily modified legislative and regulatory framework.
The consultation invites feedback from industry on the approach to the DSS, and seeks feedback on some further policy and legal issues.
It also invites respondents to formally express their interest in using the DSS, on the basis that conversations with potential applicants should begin as early as possible.
Responses to this consultation should be sent to digitalsecuritiessandbox@hmtreasury.gov.uk by 22 August.
Note that responses will by default be shared with the Bank of England and the Financial Conduct Authority. Responses should clearly indicate where they do not wish for responses to be shared, or if they would like them anonymised.
Documents
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
Pension funds, sovereign wealth funds, endowments and other institutional asset owners are sitting on vast troves of data -- but extracting value from that data is more challenging than ever.
#AssetOwners #DataQuality
Technology costs in asset management have grown disproportionately, but McKinsey research finds the increased spending hasn’t consistently translated into higher productivity.
#AI #Fiance
We're in the FINAL WEEK for the European Women in Finance Awards nominations – don't miss your chance to spotlight the incredible women driving change in finance!
#WomenInFinance #FinanceAwards #FinanceCommunity #EuropeanFinance @WomeninFinanceM
ICYMI: @marketsmedia sat down with EDXM CEO Tony Acuña-Rohter to discuss the launch of EDXM International’s perpetual futures platform in Singapore and what it means for institutional crypto trading.
Read the full interview: https://bit.ly/45xRUWh
Related articles
-
This is a "game-changer" for traders who want a compliant, capital efficient way to use digital assets.
-
Institutions can trade digital assets across multiple venues without moving assets out of custody.
-
Chainlink enables 21X to bring real-time, verifiable market data for tokenized securities onchain.
-
DMI will deliver blockchain-powered scale and efficiencies for the full asset lifecycle.
-
Digital assets and tokenization have the potential to improve market efficiency and liquidity.
We're Enhancing Your Experience with Smart Technology
We've updated our Terms & Conditions and Privacy Policy to introduce AI tools that will personalize your content, improve our market analysis, and deliver more relevant insights.These changes take effect on Aug 25, 2025.
Your data remains protected—we're simply using smart technology to serve you better. [Review Full Terms] | [Review Privacy Policy] By continuing to use our services after Aug 25, 2025, you agree to these updates.
