UK Appoints Digital Markets Champion to Lead Tokenization of Financial Markets
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The post UK Appoints Digital Markets Champion to Lead Tokenization of Financial Markets appeared first on Coinpedia Fintech News The United Kingdom is stepping deeper into the blockchain era, as the government prepares to appoint a “digital markets champion” to spearhead its efforts in tokenizing wholesale financial markets, Bloomberg reported. This move reflects the UK’s growing ambition to modernize its financial infrastructure and keep pace with the global race toward digital finance and blockchain-driven innovation. New Digital Markets Champion to Drive UK Tokenization Strategy According to remarks prepared by Lucy Rigby, the Economic Secretary to the Treasury, the new digital markets champion will act as a bridge between the government and private sector, ensuring smooth coordination on tokenization initiatives. The goal is to position the UK as a global hub for blockchain-based financial innovation, transforming how assets like bonds, securities, and shares are issued and traded. To support this initiative, the government also plans to launch a Dematerialization Market Action Taskforce, overseeing the country’s transition from paper share certificates to digital recordkeeping. This move is expected to make the UK’s financial system more efficient, transparent, and accessible. UK Advances Crypto and Tokenization Confidence The appointment comes amid several progressive moves in the UK crypto sector. This week, the Financial Conduct Authority (FCA) officially lifted its four-year ban on retail crypto exchange-traded notes (ETNs), allowing everyday investors, not just professionals, to access regulated crypto investment products for the first time since 2020. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Bank of North Dakota Partners With Fiserv to Unveil U.S. Dollar-Backed Stablecoin …
Filed under: News - @ October 9, 2025 10:28 am