Ripple backs UK tokenization plan targeting £33B annual boost
12 Articles
12 Articles
UK Recruits 54 Firms to Tokenize Markets, Targets First Digital Gilt by Early 2027
The UK government on Monday published a roadmap to move tokenization of its wholesale financial markets from pilots to live trading over the next year, enlisting a 54-firm taskforce that includes BlackRock, Goldman Sachs, JPMorgan and Ripple and targeting the country’s first tokenized government bond by early 2027. The inaugural report from Chris Woolard, HM Treasury’s Wholesale Digital Markets Champion, projects that tokenization could add up t…
Key news: A report backed by the UK Treasury puts Ripple within a 12-month plan to bring repos, fixed income and tokenized funds from pilots to live markets. Woolard’s team estimated that productivity and efficiencies could raise annual output by £33 billion and tax collection by £14 billion. Hidden Road’s purchase and Santander U.K.’s case of payments show convergence between traditional and crypto finance. Ripple entered into a UK Treasury-bac…
Ripple Stakes Its Claim on Britain's £33B Gamble
Ripple has joined a UK government-linked taskforce of 54 firms working to move Britain's wholesale capital markets onto tokenized infrastructure. The strategy, led by HM Treasury-appointed Wholesale Digital Markets Champion Chris Woolard, estimates tokenized finance could add up to £33 billion to annual UK economic output and £14 billion in yearly tax revenue by 2035. The projections rest on adoption rates, regulatory clarity, and the UK captu…
Ripple UK Tokenization Plan Targets Live Wholesale Financial
Ripple has backed a UK plan to move wholesale markets toward tokenized infrastructure across Britain. The Ripple UK tokenization effort supports live use of digital bonds, funds, collateral, and repo transactions. The strategy aims to shift activity beyond limited trials. HM Treasury appointed Chris Woolard as the Wholesale Digital Markets Champion in April. He now […]
UK Targets Live Tokenized Repo Trial in 2027
Key Takeaways The group’s first major project will be an end-to-end blockchain repo transaction, with a live trial targeted for spring 2027. The report recommends issuing the UK’s first DIGIT sovereign debt instrument no later than Q1 2027 and testing its use in secondary markets and as collateral. Forecasts of £33 billion in additional annual economic output by 2035 depend on the UK becoming a leading tokenization hub and converting pilots int…
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
