The UK Finance industry association has announced the completion of its experimental phase for a tokenized and CBDC platform, and is now seeking partnerships with regulators and other public bodies to develop a payment network based on this technology. The project involved 11 member banks, including Barclays, Citi UK, HSBC, and Natwest, as well as professional services firms. The project concluded that such a platform could generate economic value and potentially enable new features like programmable payments. UK Finance stated in a press release that the Regulated Liability Network is a financial market infrastructure "that could deliver new capabilities for payments and settlement, including tokenization and programmability." (CoinDesk)