The Digital Pound Foundation (DPF) has merged with Innovate Finance.
Innovate Finance is an advocacy group that supports and promotes the growth of Fintech in the UK.
DPF is playing a similar role but for advocating on behalf of a digital pound or CBDC and other digital assets. According to their website:
“Our aim is to support the wider understanding of new forms of digital money, whether that’s in the form of central bank digital currencies (CBDC), stablecoins, tokenized deposits, or otherwise.”
HM Treasury and the Bank of England continue to review the potential for a digital pound as well as a stablecoin framework.
Stablecoins are privately issued digital assets that are tied to other assets, largely fiat currency.
Innovate Finance says the UK has the chance to build a “leading global centre for digital assets and digital money, developing the best regulatory regime in the world for stablecoin innovation and adoption and making the UK the go-to market for stablecoins.”
The Digital Pound Foundation is expected to continue to work with policymakers to craft a viable path for digital currency.
Claire Conby, Head of Digital Pound Foundation, said that under Innovate Finance, the DPF has an opportunity to amplify its advocacy efforts.
“I am very much looking forward to working with the Innovate Finance team, alongside our members, partners, industry leaders, and policymakers to shape the future of digital money”.
