Barclays and Lloyds Back Calls to Digitalise UK Financial Markets

BLK, GS, MS among 54 firms joining UK’s tokenization push for digital financial markets

UK launches 54-firm task force to scale tokenization in wholesale markets—repo, collateral, funds, digital payments and UK Digital Gilts.

Barclays and Lloyds back calls to digitalise UK financial markets

Top financial institutions have rallied behind a new report calling for the government to accelerate the digitalisation of UK markets to deliver a £33bn annaul boost to the economy. The paper, backed by a 54-strong taskforce that includes the likes of Barclays, JP Morgan and Lloyds Banking Group, says the tokenisation of markets could add hundreds of billions of pounds of economic value to the UK over the next decade. Tokenisation refers to the …

BlackRock, Goldman Sachs, JPMorgan, Morgan Stanley join UK government's tokenization taskforce

The 54 firm-strong group, which is backed by the City of London Corporation, will spend the next year working on live tokenisation use cases across UK financial markets

UK Digital Gilt Push Could Help Unlock $44B in Annual Output - Invest In Crypto News

The United Kingdom could add as much as 33 billion British pounds ($44 billion) to its annual economic output by 2035 by becoming a leader in tokenized financial markets, according to a government-backed industry task force.  The estimate appears in the first report from Wholesale Digital Markets Champion Chris Woolard, who was appointed by HM Treasury to help implement the government’s digital markets strategy.  Developed with an industry task …

JP Morgan And Other Major Banks Partner to Launch Massive Tokenization Push in Britain

In a significant development for the future of finance, JPMorgan, Goldman Sachs, BlackRock, Coinbase, and over 50 other major firms have partnered to develop practical tokenization use cases across the United Kingdom. This collaboration signals a strong push by traditional financial institutions toward blockchain technology, aiming to modernize how assets are issued, traded, and managed […] The post JP Morgan And Other Major Banks Partner to Lau…

UK says tokenized markets could unlock £33B economic boost by 2035

The UK could unlock a £33 billion economic boost by 2035 according to a government-commissioned report calling for stablecoin-enabled settlement.