DLT Sandbox to open in autumn for trading venues and settlement services

Applications are to open this summer for firms offering trading venues and settlement services that want to take part in a five-yearDigital Securities Sandbox.

By Neasa MacErlean

Commencing in the autumn, the scheme will specialise in the use of DLT (Distributed Ledger Technology) as a means of issuing and trading shares and bonds. It will also allow the use of other developing technologies and will become the basis of a permanent "technology friendly regime for the securities market" developed jointly by the Bank of England and the Financial Conduct Authority.