UK Commits to Enabling DLT, Tokenization Work in its Wholesale Strategy
Main Idea
The UK government is advancing its wholesale financial strategy by promoting Distributed Ledger Technology (DLT) and tokenization to digitize financial assets and post-trade processes, aiming to strengthen its position as a crypto hub.
Key Points
1. The UK Treasury is encouraging the use of DLT to facilitate live activity in financial markets.
2. Tokenization of real-world assets (RWA) has grown by 380% in three years, reaching $24 billion in mid-2025.
3. The UK has published draft legislation to support DLT-based financial services and payments.
4. The initiative is part of the country's broader strategy to establish itself as a leading crypto hub.
Description
The U.K. government on Tuesday said it intends to enable the wholesale market to identify the best distributed ledger technology (DLT) use cases as well as roll out tokenization solutions. The country wants DLT - the blockchain technology that underpins crypto - to be utilized across different sectors in wholesale financial markets and create cross market groups "to take forward live activity," the country's Treasury said in a policy paper. A part of the plan includes creating a regulatory frame...
Latest News
- Quintenz, Possible Future U.S. Crypto Watchdog, Stymied Again on Step Toward CFTC Job2025-07-28 22:44:00
- Bakkt Sells Loyalty Business and Pivots to Pure-Play Crypto, Offers Shares2025-07-28 22:43:45
- Trump Eyes Moving U.S. Economy Further Into Crypto Via Mortgages, 401(k)s2025-07-28 19:38:07
- BNB Token Rallies to Record High as CEA Industries Raises $500M for Treasury Strategy2025-07-28 18:40:10
- SUI Token Drops Nearly 6% After Brief Spike as Stronger U.S. Dollar Pressures Crypto Market2025-07-28 18:39:55