UK Finance, the financial industry association, said it has completed the experimental phase of its tokenization and CBDC platform and is seeking to work with regulators and other public bodies to develop payment networks based on the technology. The project, which involves 11 member banks including Barclays, Citi UK, HSBC and Natwest, as well as professional services firms, concluded that such a platform would help create economic value and potentially enable new features such as programmable payments.