Monee

Monee Financial Technologies was named in the FCA's first stablecoin regulatory sandbox cohort in early 2026, one of four firms selected from 20 applications to help shape the UK's forthcoming stablecoin rules. It is the only participant operating simultaneously inside both the FCA sandbox and the Bank of England's Digital Securities Sandbox, giving it a dual foot in the two regulatory experiments most likely to define how sterling digital assets settle.

The company builds multi-jurisdictional digital financial market infrastructure, positioning stablecoins as the settlement layer for cross-border issuance, trading and settlement of digital securities rather than as a consumer payments product. That wholesale-settlement focus distinguishes it from co-cohort firm VVTX, which targets retail card payments, and from Revolut's retail-centred model.

The sandbox programme, structured around use cases spanning payments, wholesale settlement and crypto trading, is expected to produce findings that feed directly into the UK's final stablecoin regulatory framework later in 2026. For Monee, participation means testing its infrastructure against FCA draft rules before those rules are finalised, a significant first-mover advantage in a market where regulatory clarity is the primary barrier to institutional adoption.