Ripple backs UK tokenization plan targeting £33B annual boost

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…

Ripple backs UK tokenization plan targeting £33B annual boost

Ripple backs Britain’s tokenization plan focused on live repo trials, digital gilts and up to £33 billion in annual economic output by 2035.

UK Tokenisation Drive May Boost Annual Output by $44 Billion: Report

The UK could add as much as £33 billion ($44 billion) to its annual economic output by 2035 by becoming a global leader in tokenised financial markets, according to a government-backed report. The...

Ripple Backs UK Tokenization Push: Did Garlinghouse Save XRP?

In XRP news today, Ripple Labs has formally backed the UK HM Treasury’s Wholesale Digital Markets taskforce, positioning itself inside Britain’s effort to build what the company estimates could add £33Bn to the UK economy every year by 2035. The announcement arrived alongside fresh disclosures from Ripple’s executive team about how close the company came to shutting down during its four-year legal battle with the US SEC, the agency that oversees…

Ripple Joins BlackRock, J.P. Morgan, Others to Tokenize £33 Billion UK Debt

The UK government has assembled one of the most significant financial coalitions in modern history. Backed by HM Treasury and the City of London Corporation, the Wholesale Digital Markets Champion and Taskforce now counts 54 institutions among its members. Notably, Ripple had a seat at the table, sharing that space with BlackRock, Goldman Sachs, J.P. Morgan, Morgan Stanley, HSBC, Barclays, UBS, and more. Crypto commentator BankXRP (@BankXRP) sha…

Ripple Joins UK Tokenization Drive, Eyeing £33B Economic Boost

Key Insights: Ripple joined a 54-firm UK task force targeting live tokenized repo testing and clearer market rules by spring 2027. The UK plan estimates tokenized finance could add £33 billion to annual output and £14 billion in tax revenue by 2035. XRP price traded near $1.08 as its two-week RSI stayed compressed and MACD remained bearish, with downside momentum easing. Ripple has joined a UK initiative that aims to move wholesale finance towa…