The U.K. Financial Conduct Authority (FCA) and the Bank of England plan to publish a joint roadmap for wholesale tokenization later this year after receiving 123 consultation responses. Most respondents identified post-trade processes, particularly the movement of collateral between parties, as the main opportunity for adoption. The FCA also opened a separate consultation on tokenized gold as it examines distributed ledger technology across a broader range of wholesale financial markets. The initiative comes as European financial firms press lawmakers to ease proposed limits on assets admitted to distributed ledger technology infrastructure.