In this episode of CryptoReg Insights, host Polina Evstifeeva speaks with Andrew Douglas, Chair of the UK T+1 Accelerated Settlement Taskforce and Chair of UK Digital Markets Taskforce.
As the UK prepares for mandatory T+1 settlement on 11 October 2027, Andrew explains how this regulatory-driven shift demands widespread automation and straight-through processing – acting as a foundational step toward deeper digitalisation.
Regulatory clarity – particularly on tokenised assets, settlement finality, and interoperable standards – remains essential to enable this unified progress and bridge traditional finance with digital innovation.
Andrew stresses the primacy of the leadership pillar in the UK Government’s Wholesale Financial Markets Digital Strategy (July 2025): without a shared “North Star” via the forthcoming Digital Markets Champion, the market risks fragmentation. He details how the Digital Markets Taskforce – launched at industry request to foster cross-sector collaboration – was created to unite stakeholders and define a coherent path forward that strengthens UK global competitiveness.
Key topics: T+1 implementation, Digital Markets Taskforce, leadership in digital strategy, tokenised assets, settlement finality, interoperable standards, and the convergence of TradFi and DeFi.
Subscribe to CryptoReg Insights for more analysis on evolving regulations in crypto assets, artificial intelligence, and other drivers of banking innovation.
Disclaimer
This material is for general entertainment purposes only, represents a personal opinion of the speakers, and is not intended to address the specific circumstances of any particular individual or entity, and does not constitute or is intended as legal, tax, financial, investment, or any other form of professional advice, or as a financial promotion. It is not intended to, and does not, give rise to any rights or obligations. No warranty is given regarding the quality, accuracy or completeness of the material. No responsibility whatsoever (whether in contract, tort, negligence, statutory duty or otherwise) is accepted by the author, guest, or any affiliated entity for any loss, damage, cost or expense howsoever of any nature arising from its use, directly or indirectly from any reliance placed on this material or from any errors, inaccuracies, or omissions it may contain.
