UK pulls Ripple and Wall Street into a plan to tokenize repo and giltsA Treasury-backed report put @Ripple alongside @BlackRock, @jpmorgan and @GoldmanSachs in a 54-firm push to move UK wholesale markets onchain. First target: tokenized repo. Then gilts and funds.The report frames it as a race Britain loses if the standards settle offshore. The prize: up to £33 billion a year in added output by 2035. That figure is a ceiling, not a base case.The first live repo trial isn't due until spring 2027. On wholesal ...

JUST IN: 54 firms, including Ripple and BlackRock have joined the UK Treasury’s tokenization taskforce to develop live use cases, starting with tokenized repo and supporting payment infrastructure ...