ISDA, GDF Submit July 6 Tokenization Plan to UK Regulators

2 articles · Updated · Markets Media · Jul 7

July 6 marked ISDA and Global Digital Finance's joint response to the FCA and Bank of England on tokenization, framing it as a key opportunity for derivatives collateral markets.
The groups said tokenized collateral could widen eligible asset pools, cut risk during market stress and improve collateral management if core protections from traditional markets are preserved.
Their submission calls for the Common Domain Model to support cross-platform data consistency, alongside legal recognition of settlement finality and netting enforceability in tokenized environments.
It also urges a harmonized Basel classification for tokenized traditional assets and stablecoins so banks face consistent capital treatment and the market avoids global fragmentation.
The filing is positioned as an opening step in a broader debate over the UK's long-term tokenization roadmap.

Sources

Markets Media5h ago

ISDA, GDF Submit Joint Tokenization Response to FCA, Bank of England

X5h ago

On July 6, ISDA and Global Digital Finance (GDF) submitted a joint response to a call for input on the future of tokenization by the Financial Conduct Authority (FCA) and Bank of

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UK Tokenization 2026: Regulatory Roadmap, Industry Collaboration, and Global Integration in Digital Wholesale Markets

Overview

In July 2026, ISDA and Global Digital Finance (GDF) submitted a joint response to the FCA and Bank of England, representing a unified industry voice on tokenization in UK wholesale markets. Their recommendations aim to shape the regulatory and operational framework for tokenized assets, building on the UK regulators’ ongoing efforts to foster innovation and maintain market stability. This comes as the FCA and Bank of England have established the Digital Securities Sandbox (DSS), where 16 firms are moving towards live operations, and have published Policy Statement PS 26/7 to guide the transition from pilot projects to broader adoption of tokenized assets.

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