Ctrl Alt will explore tokenization in the Bank of England’s Digital Securities Sandbox, analyzing how digital ledger technology can improve efficiencies whilst working with the FCA to “integrate these innovative models into new frameworks.”
As confirmed in the announcement, Ctrl Alt has been officially admitted into the Bank of England’s Digital Securities Sandbox (DSS).
This new milestone highlights their commitment to advancing innovation in financial market infrastructure “through their technology solutions.”
The DSS, established by the Bank of England and in partnership with the Financial Conduct Authority (FCA), will provide a controlled test-environment with a goal to “facilitate the use of developing technology such as distributed ledgers and tokenization in the issuance, trading and settlement of securities in the UK.”
Their admission to the DSS marks the first stage, or Gate 1, of the initiative where we will focus on demonstrating how tokenization can “enhance the administration of funds and financial market infrastructure in general, whilst maintaining alignment with the broader objectives of the DSS.”
They intend to work closely with a partner to test various tokenization models in the pursuit of fund tokenization, “a topic that seems to be in constant demand in today’s climate.”
Furthermore, the establishment of, and their “acceptance into this initiative clearly demonstrates the growing recognition of the potential that tokenisation can offer the financial sector.”
Additionally, the FCA’s collaboration with the DSS on this project is “an encouraging step in the right direction.”
The FCA will be providing a regulatory sandbox with a goal to “remove regulatory obstacles and barriers that prevent the use of developing technologies and to adapt those in light of these activities.”
They welcome this sort of engagement from UK Financial Authorities and see it as a crucial step in “building trust in innovative financial technologies.”
Ctrl Alt looks forward to playing an integral role in this initiative and further developing solutions that “support a more efficient and innovative financial ecosystem.”
Matt Ong – CEO & Founder said:
“We are incredibly excited to be accepted into Gate 1 of the DSS. As is evidenced by the establishment of this sandbox and our admission into it, tokenisation and blockchain technology continue to be at the forefront of conversations amongst financial institutions. This is welcome news as we have purposely built our solutions to be able to seamlessly integrate into the parameters of these traditional financial structures. We’re glad to see the Bank of England and the FCA launch an initiative like the DSS as it represents a shift in mindset and shows a real desire to push innovation and we look forward to showcasing the benefits that our solutions are able to provide.”
Combining blockchain technology and financial engineering, Ctrl Alt is a B2B infrastructure business “providing solutions in the alternative assets space.”
As of March 1, 2025, Ctrl Alt has reportedly tokenized over “$295 million of assets across private credit and real estate.”
With offices in the UK, Ireland, and the UAE, the Ctrl Alt team is composed of financial and product professionals “including alumni from Morgan Stanley, Credit Suisse, UBS and Revolut.”