Search results for UK Treasury
Crypto
UK bets on digital gilts, seeks up to 33 billion pounds a year in economic gains through tokenisation
Britain could generate annual economic gains of up to 33 billion pounds by 2035 if it becomes a global leader in tokenised finance, a projection said. The UK government aims to issue its first digital gilt in 2027 and accelerate the build-out of market infrastructure linking tokenised bond issuance, trading and settlement. A policy report proposes blockchain trials for repo transactions and urges recognition of digital gilts as central bank collateral to support secondary-market activity.
Crypto
UK revises retail payments blueprint to reflect tokenisation and digital currency infrastructure
Britain has set out a plan to reflect tokenisation and new forms of digital currency in core infrastructure for its future retail payments system. The UK Treasury published a revised national retail payments modernisation roadmap and pointed to building a “diverse multi-currency ecosystem”. The revision includes tokenisation and digital currencies as key elements and calls for infrastructure allowing interoperability with existing systems. The Financial Conduct Authority has also unveiled a crypto regulatory regime with a licensing timetable running into 2027.
Crypto
UK Parliament climate finance proposal names XRPL as operating infrastructure for renewables
A climate finance proposal submitted to the UK Parliament names the XRP Ledger (XRPL) as the blockchain operating layer in a pilot framework aimed at expanding investment in clean and renewable energy. The document proposes a structure known as CloCo, or climate conditional convertible bonds, to channel private capital into projects. It says XRPL would support data integrity and transparency without replacing banks or regulators, and notes the proposal is independent and not an official government adoption.
