Insights
ResearchCommentary
Institutional analysis across UK gilts, liquidity, policy and modern financial infrastructure.
Infrastructure
10: We chose Arbitrum as our native blockchain, and it wasn't because of gas fees
How a new institutional RWA product picked its chain from a blank sheet: the metrics, the ecosystem support, the security model a risk committee will actually accept, and why Arbitrum over Base or Optimism.Read articleMarket Structure
09: How Do Repo Markets Work in the UK?
A research-driven guide to how the UK repo market works, including gilt collateral, settlement mechanics, market participants, and the Bank of England’s evolving resilience agenda.Read articleMarket Structure & Digital Money
08: The global banking pivot: why tokenised deposits and compliant stablecoins are the emerging mainstream
Major banks are testing stablecoins and tokenised deposits. Here is what that trend means for the UK regulatory direction, settlement infrastructure, and the future of onchain finance.Read articleFund Infrastructure & Tax
07: Tokenisation x HMRC
The FCA is progressing fund tokenisation and HMRC is refining DeFi tax approaches. Here is what both directions imply for onchain collateral and compliant markets.Read articleSettlement Infrastructure
06: Atomic settlement in central bank money x RTGS synchronisation
The Bank is building RTGS synchronisation to enable atomic settlement in central bank money, including DSS digital securities transactions. Here is what is happening in 2026.Read articleMarket Structure
05: Tokenised gilts and DIGIT: the missing link in compliant RWA settlement
DIGIT is the UK's digital gilt pilot inside the Digital Securities Sandbox. Here is what is being tested: on-chain settlement, OTC functionality, interoperability and transparency.Read articleMarket Structure
04: Tokenised deposits vs stablecoins vs a digital pound: the UK multi-money future
A clear map of UK digital money: tokenised deposits, regulated stablecoins and the digital pound debate—where each fits in payments and settlement.Read articleRegulatory Insights
03: Sterling systemic stablecoins and what the Bank is actually proposing
Backing assets, redemption, holding limits and liquidity backstops—what the Bank of England is proposing for sterling-denominated systemic stablecoins.Read articleRegulatory Insights
02: Digital Securities Sandbox: A Field Guide for Founders and Institutions
A practical guide to the Digital Securities Sandbox: stages, gates, SANs and why the UK is testing tokenised financial infrastructure within regulated markets.Read articleRegulation & Market Structure