Sarah Breeden, the Deputy Governor of the Central Bank, stated that they will focus on tokenization to modernize the country's financial system. She emphasized that the UK needs a multi-currency system that promotes competition and offers a choice among reliable forms of money. People should have the option to make payments using tokenized bank deposits, stablecoins, and potentially CBDCs. Meanwhile, the Central Bank supports the adoption of AI, including agent-based payments and trading. Breeden also noted that 16 companies, including Euroclear, HSBC, and the London Stock Exchange Group, are preparing to participate in a regulatory sandbox for tokenization. The Central Bank plans to publish draft rules for systemic stablecoins next month and finalize them by the end of the year. However, to mitigate risks, the regulator might introduce restrictions for tokens.