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UK Publishes Regulations for a Digital Securities Sandbox
The sandbox will let regulators and companies test solutions, including distributed ledger technology, to tokenize securities.
Updated Mar 8, 2024, 6:49 p.m. Published Dec 18, 2023, 5:51 p.m.
The U.K. has introduced a new regulation that will allow the country’s financial watchdogs to run a sandbox for tokenized securities, according to a Monday publication.
Sandboxes let companies test new solutions and products under regulatory supervision. With the new regulation – which will take effect on Jan. 8 – the Financial Conduct Authority (FCA) and the Bank of England will be able to operate the Digital Securities Sandbox (DSS), announced earlier this year.
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Businesses will also get to test distributed ledger technology that powers crypto to digitize or tokenize traditional securities.
Tokenization of real assets is all the rage among financial institutions worldwide, and U.K. regulators are trying to figure out how best to regulate them. Participating in the DSS will subject companies to modified rules in case current ones act as barriers, a document explaining the law said. The regulators themselves will be able to test out things and make rule changes to accommodate developing technologies.
The U.K. is not wasting time using its new powers under the recently passed Financial Services and Markets Act 2023 to establish how it wants to regulate the crypto sector. The DSS regulation is a by-product of the Act.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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U.S. Senate's Warren asks for Trump-tied crypto probe as market structure bill drags
The influential Democrat is the most vocal critic of the crypto legislation, and she continues to throw rhetorical sand in the gears of the negotiation.
What to know:
- U.S. Senator Elizabeth Warren, the ranking Democrat on the Senate Banking Committee, is calling for a probe into DeFi platforms, especially on their relationship with the business interests of President Donald Trump.
- Warren's pushback comes as the Senate is still negotiating the details of a crypto market structure bill, a process that's now drifted into January.
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