Odaily News The Bank of England (BoE) and the Financial Conduct Authority (FCA) have launched the Digital Securities Sandbox (DSS), allowing firms to explore how digital ledger technology (DLT) can be used for notarization, maintenance and settlement of financial securities. The FCA recognizes that developing technologies have the potential to bring efficiency, transparency and resilience to the market. The regulator said that if these technologies are successfully implemented, they could make processes cheaper and faster, resulting in "cost savings across markets and users." It stressed that the DSS will facilitate the trading, settlement and issuance of digital securities in the UK. This will be done on programmable and distributed ledgers while complying with the regulations of the Bank of England and the FCA. The FCA added that this move will strengthen the UK's position as a global financial center and it will create the right conditions for investment and sustainable growth. (Cointelegraph)