According to CoinMeta, and as reported by Bloomberg, the UK government will assign the Bank of England a secondary role in promoting digital currency and payment innovation, without this goal affecting its primary mission of maintaining financial stability. The UK City Minister Lucy Rigby stated that tokenization and distributed ledger technology have the potential to transform global financial markets, and this secondary objective supports the Bank of England's efforts to drive innovation in payments and digital finance. The Deputy Governor of the Bank of England, Sarah Breeden, welcomed the new responsibilities.