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UK Treasury includes Ripple in £33B blockchain push for wholesale financial markets

Market News
09 Aug 2026
Dailycoin
View Source
Bullish
UK Treasury includes Ripple in £33B blockchain push for wholesale financial markets

The UK Treasury has involved Ripple in its Wholesale Digital Markets Taskforce to explore blockchain infrastructure for tokenising wholesale financial markets, focusing initially on the £33 billion repo market. This initiative aims to modernise market operations, potentially increasing annual tax revenue by £14 billion by 2035. Ripple's role supports the government's strategy to set standards for institutional tokenised finance, moving blockchain from experimental to regulated infrastructure. A pilot trial is planned for spring 2027, highlighting the government's commitment to integrating blockchain in key financial workflows.

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