Bank of England reports industry backing for live tokenisation and longer settlement hours

The Bank of England said its second RTGS CHAPS Industry Forum on 13 Oct gathered strong industry backing for moving tokenisation from pilot to live use and for extending settlement hours, with respondents favouring weekday extensions first. The meeting was chaired by the Bank's Head of Payment Delivery after the regular chair was absent. The Bank highlighted innovation, cross‑border payments and liquidity risk management as key reasons for longer hours.