The UK Treasury has formed a 54-member taskforce including Ripple, BlackRock, and J.P. Morgan to replace legacy financial systems with blockchain technology, aiming to tokenize wholesale markets worth £33 billion. This initiative targets the fixed-income market first, with plans to launch sovereign digital bonds called DIGIT by 2027. The government expects this move to boost economic output by £33 billion annually and increase tax revenues by £14 billion by 2035. The project will collect feedback until September 2026 before full implementation, marking a major shift in British capital markets.
Spot Bitcoin ETFs attracted $197.4 million in net inflows during the week of July 6–10, breaking an eight-week streak of withdrawals that totaled about $8.26 billion. This reversal coincides with Bitcoin trading at around $63,917, below its spring hi...
Ripple supports the UK's new tokenization strategy aimed at digitizing securities and financial assets, which could boost the UK economy by £33 billion annually by 2035. This initiative is part of the UK's Wholesale Financial Markets Digital Strategy...
Whale activity on the XRP Ledger has sharply declined, with transactions over $1 million falling from 70 to just 2 in one week, indicating large investors are becoming inactive amid XRP's price consolidation near $1. This drop in large transactions s...
Ripple states that blockchain experimentation is over, with tokenized financial products now transforming global finance by enabling faster, cheaper, and more transparent transactions. The UK is advancing a strategy to become a leader in tokenized wh...
SBI Holdings and the Solana Foundation have formed a strategic partnership to develop an onchain financial market centered in Japan. The venture, soon to be renamed SBI Solana Global, aims to connect Japan's regulated financial system with global blo...
