Hedera recently shared its perspective in response to the Call for Input on UK wholesale markets organized by @TheFCA and @bankofengland. Establishing clear regulations is an important step, but it simply is not enough on its own. To truly succeed, trust has to be built directly into the infrastructure layer through seamless interoperability, solid governance, and comprehensive auditability. You can review the associated document at the following link: https://www.fca.org.uk/publication/feedback/fs26-1.pdf