SEI has announced a strategic partnership with Ctrl Alt, a leading tokenisation platform, to participate in the Bank of England’s Digital Securities Sandbox (DSS).
The initiative, developed in collaboration with the Financial Conduct Authority (FCA), aims to drive innovation in financial market infrastructure by evaluating blockchain and distributed ledger technologies in a controlled, non-live environment.
The DSS provides a regulatory framework for firms to explore the use of digital securities within traditional financial infrastructure.
With an estimated 10% of global GDP expected to be tokenised and stored on the blockchain by 2027, tokenisation is increasingly seen as a game-changer in the financial services industry.
As part of the collaboration, SEI will provide underlying assets for tokenisation in the initiative’s second phase. If successful, SEI may also take on the management of custody and crypto-asset activities during this phase.
Sneha Shah, head of new business ventures at SEI, said: “Tokenised solutions have the potential to enhance security, transparency, and efficiency to drive significant improvements across financial services. Building upon our roots in innovation and leveraging our ability to connect the industry in ways that others cannot, we’re committed to unlocking benefits across the entire asset lifecycle and value chain through this collaboration.
“We look forward to working with Ctrl Alt, the Bank of England, and the FCA to explore the application of this technology.”
For more information, visit SEI’s website or Ctrl Alt’s website.
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