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.
Make preferred on
Share this article
Summary
- The group, which includes 54 firms and backed by the City of London Corporation, will spend the next year working on live tokenisation use cases across UK financial markets.
- The initiative is led by HM Treasury’s Wholesale Digital Markets Champion Chris Woolard, the former chair of the FCA.
- The tokenised RWA market could reach $88 trillion by 2035, according to one estimate by Boston Consulting Group (BCG), dwarfing the current crypto and stablecoin market of $3 trillion.
