Quant Selected for UK’s Tokenized Sterling Deposits Initiative

Quant has been chosen to provide core technology for a new UK financial initiative focusing on tokenized sterling deposits.

The project is led by UK Finance with major banks like Barclays, HSBC, Lloyds, and NatWest involved.
It will run until mid-2026, exploring three use cases: reducing fraud in online payments, streamlining property remortgaging, and accelerating digital asset settlement.
Quant's CEO, Gilbert Verdian, highlighted the project's significance in creating programmable money for value management and transfer.
UK Finance's Jana Mackintosh believes this positions the UK as a leader in tokenized currency standards.

UK Banks Prioritize Tokenization

The Bank of England prefers banks to explore tokenization over stablecoins due to stability concerns.
Stablecoin regulation decisions are expected by the end of 2026.
The pilot's results will influence the UK's financial strategy.
Private sector involvement grows, with UK firms adding Bitcoin to their treasuries.