UK Tokenization Push: A $44 Billion Economic Windfall on the Horizon by 2035
The United Kingdom is positioning itself as a global powerhouse in the digital asset space through a massive push for asset tokenization. According to a government-backed report, becoming a leader in tokenized financial markets could inject up to £33 billion ($44 billion) into the UK's annual economic output by 2035.
This strategic roadmap, led by HM Treasury's digital markets champion, outlines a rigorous 12-month plan to test blockchain technology in real-world securities lending. A key milestone in this evolution is the scheduled issuance of the UK's first tokenized government bond, or digital gilt, by early 2027, aimed at revolutionizing how bonds are traded and borrowed.
Developed with an industry task force, the report sets out a 12-month plan to test blockchain in a financial transaction where securities are used to borrow cash. It also calls for the UK to issue its first tokenized government bond—a digital gilt—by the first quarter of 2027, seeking to make tokenized bonds fully usable for seamless trading and borrowing operations.
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