The UK Financial Conduct Authority (FCA) and the Bank of England (BOE) have initiated a public consultation to gather industry feedback on the regulation and infrastructure of tokenized wholesale financial markets. Announced on May 18, this consultation is a key component of the UK's digital financial markets strategy, focusing on tokenized securities and post-trade infrastructure. The consultation will address areas such as prudential regulation, tokenized collateral, and settlement instruments, with feedback open until July 3. The initiative targets banks, investment firms, asset managers, and fintech companies, primarily covering tokenized bonds, stocks, and fund shares. The FCA and BOE plan to release a feedback statement in summer 2026 and outline a roadmap for digital wholesale markets development within the year. Concurrently, the UK is progressing with its Digital Securities Sandbox, with 16 companies testing tokenized securities. Additionally, the BOE has proposed extending RTGS and CHAPS operating hours to support tokenized assets as collateral by 2028.