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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
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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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