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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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SEC Approves U.S.’ Second Crypto Index ETP with Bitwise’s BITW
The Bitwise 10 Crypto Index Fund now trades on NYSE Arca, joining the ranks of gold and oil funds in regulated exchange products.
What to know:
- The Bitwise 10 Crypto Index Fund (BITW) has received SEC approval to trade as an exchange-traded product on NYSE Arca.
- BITW offers diversified exposure to the 10 largest cryptocurrencies, including Bitcoin and Ether, and is rebalanced monthly.
- This approval marks a significant milestone for crypto indices, potentially attracting more institutional investment.
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