Regulators from the United Kingdom and European Union have reached an agreement through a new memorandum of understanding aimed at enhancing oversight mechanisms for critical third parties operating in financial markets. This collaborative framework strengthens cross-border regulatory coordination and addresses systemic risks posed by key intermediaries. The initiative reflects growing concerns about concentration of critical functions and the need for synchronized supervision across major financial jurisdictions. Enhanced third-party oversight is particularly significant for digital asset platforms and infrastructure providers, which have become increasingly important nodes in the evolving crypto ecosystem. The coordinated approach signals a more integrated regulatory stance toward market participants that operate across multiple jurisdictions.