CoinDesk·3 min read·medium
BlackRock, Goldman Sachs, JPMorgan, Morgan Stanley join UK government's tokenization taskforce
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Ian Allison
✦AI Summary
Major financial institutions including BlackRock and JPMorgan have joined a UK government taskforce to explore tokenization in financial markets. The initiative focuses on tokenized repo and aims to boost economic output by leveraging blockchain for efficiency.
The group, which is backed by the City of London Corporation, will spend the next year working on live tokenisation use cases across UK financial markets, initially focused on tokenised repo, according to the first of two reports by HM Treasury's Wholesale Digital Markets Champion Chris Woolard.
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