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Public · Published
The UK Wants to Lead the Tokenisation Race, and 54 Firms Just Signed On
On 13 July 2026 the UK government created a tokenisation taskforce, led by HM Treasury, that includes 54 financial firms such as BlackRock, Goldman Sachs and JPMorgan, and will spend the next year building live use cases, beginning with tokenised repo.
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What happened
On 13 July 2026 the UK government created a tokenisation taskforce, led by HM Treasury, that includes 54 financial firms such as BlackRock, Goldman Sachs and JPMorgan, and will spend the next year building live use cases, beginning with tokenised repo.
Confirmed
Global impact / market context
Tokenising assets can cut settlement times and costs, making markets more efficient; the UK’s coordinated effort positions it as a global leader in digital finance, potentially attracting investment and encouraging other jurisdictions to follow.
Analyst inference
Globally, regulators and firms are exploring digital asset infrastructure, with many countries piloting tokenised securities. The UK’s taskforce reflects this trend and aims to set standards that could shape future market practices.
Analyst inference
What to watch
- Progress of the tokenised repo pilot, including how quickly firms can issue and settle tokenised securities, will indicate the practicality of broader tokenisation. Proposed
- Any new UK regulatory guidance on tokenised assets, such as clarifications on legal status or reporting requirements, will affect how quickly firms adopt the technology. Proposed
- Adoption by additional banks or asset managers beyond the initial 54 participants will signal market confidence and could drive further capital allocation to tokenisation projects. Proposed