UK Treasury report on tokenization cites Ripple as convergence model
A Treasury-backed report targets putting repo, gilts and funds onchain within two years, and warms to permissionless networks that firms like Ripple have been building on.
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Summary
- A U. K. Treasury-backed report on wholesale digital markets places Ripple at the center of efforts to move tokenized repo, fixed income and funds from sandbox pilots into live markets over the next 12 months.
- The report proposes a hybrid model that layers permissioned institutional networks on top of permissionless chains, while warning that chain reorganizations on public blockchains pose unresolved settlement-finality risks.
- Ripple’s acquisition of prime broker Hidden Road and Santander UK’s white-label use of Ripple’s rails are cited as evidence of convergence between traditional finance and crypto.
