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UK taskforce targets fully on-chain repo market by April 2027 with Hedera and BlackRock involvement

Market News
17 Oct 2026
Tokenpost
View Source
Bullish
UK taskforce targets fully on-chain repo market by April 2027 with Hedera and BlackRock involvement

The UK Wholesale Digital Markets Champion Industry Taskforce, including Hedera, BlackRock, and NatWest, is working to launch a fully on-chain repo use case by April 2027. This initiative aims to tokenize wholesale financial markets, focusing initially on repo transactions with a live trial planned for spring 2027. The taskforce's broader efforts cover fixed income, derivatives, market infrastructure, and legal issues, reflecting a coordinated push to modernize financial markets through blockchain technology. Hedera's decentralized finance ecosystem currently holds $33.2 million in total value locked, highlighting its active role in the DeFi space.

Hedera's decentralized finance ecosystem holds $33.2 million in total value locked, providing context for this news on its participation in the UK Wholesale Digital Markets Champion Industry Taskforce. For readers following cryptocurrency markets, here is Pluang's snapshot as of Oct 17, 2026 20:21 WIB: out of 50 major cryptocurrencies, 7 rose and 42 fell today. Notable movers include SNX at Rp3.849 with a -6.08% change and 100% buy order activity, ALGO at Rp1.999 with a -6.06% change and 87% buy order activity, and COTI at Rp199 with a -5.88% change and 77% buy order activity.

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