️ NEW: The FCA and Bank of England will publish a UK tokenisation roadmap later this year after receiving 123 responses, including from BlackRock, Coinbase, Hedera and Ripple.

What happened

The Financial Conduct Authority (FCA) and Bank of England will publish a UK tokenisation roadmap later this year after receiving 123 responses, including from BlackRock, Coinbase, Hedera and Ripple. Tokenisation means converting real assets into digital tokens on a blockchain.

Confirmed

Global impact / market context

This roadmap could shape how digital assets are regulated in the UK, affecting how companies like Ripple and BlackRock invest in tokenisation. Clear rules may encourage more business activity and growth in the UK's financial sector.

Analyst inference

The involvement of major firms like Coinbase and Ripple signals growing interest in tokenisation from big financial players. A UK-wide plan could increase trust and adoption of digital tokens, potentially boosting demand for related assets like XRP.

Analyst inference

What to watch

1. Watch for the exact publishing date of the UK tokenisation roadmap later this year, as the FCA and Bank of England have confirmed this timeline. Confirmed
2. Investors should review the roadmap's details on token standards and security, since these rules will determine how easily companies can use tokenisation. Proposed
3. Observe whether the roadmap includes supportive measures for existing digital assets like XRP, which could affect their value and usage in the UK. Analyst inference

Affected assets

• XRP — XRP

Evidence

• x.com