The UK’s Financial Conduct Authority (FCA) has formally accepted RegTech platform Eunice into its Regulatory Sandbox, allowing the firm to test an industry-led solution aimed at improving transparency in the country’s crypto markets.
Eunice provides tools for financial institutions, regulators and businesses to understand cryptoassets, tokenised assets and on-chain activity. As part of the Sandbox program, the company is working with major crypto firms including Coinbase, Crypto.com and Kraken to design and test new disclosure templates that could form the foundation of the UK’s future crypto documentation standards.
According to the FCA, the initiative is intended to ensure that consumers have access to clear and consistent information about digital assets before making a purchase. The templates developed through Eunice’s working group aim to simplify how firms meet disclosure obligations while improving investor understanding of risks.
Eunice will test the templates under real market conditions in the Sandbox. Insights from the trial will help shape the regulator’s approach ahead of the UK’s upcoming crypto disclosure requirements, expected in 2026.
Yi Luo, CEO and co-founder of Eunice, said the Sandbox provides a collaborative environment for industry and regulators to “build the foundations for a safer and smarter digital asset market,” adding that Eunice was created to bring transparency and integrity to the sector.
Colin Payne, the FCA’s head of innovation, noted that the regulator continues to support firms testing new ideas that can benefit markets and consumers. He encouraged companies developing similar solutions to apply for Sandbox participation.
The FCA’s work with Eunice follows its earlier Discussion Paper on admissions, disclosures and market-abuse frameworks for cryptoassets. As part of the regulator’s broader Crypto Roadmap, the FCA is preparing a full suite of policy publications, with final rules set to be introduced in 2026.
The regulator emphasized that clearer standards are essential for improving market integrity, strengthening consumer protection and supporting the UK’s competitiveness in the global digital asset sector.
