A new report by influential financial lobby group UK Finance is pushing the UK government to put the tokenized market at the top of its agenda.
UK Finance, the influential lobby group for banks and financial institutions in the UK, has laid out a five-year plan for the country’s government to become a world leader in the tokenization market.
UK Finance Chairman Bob Wigley said, “Tokenization of securities has the potential to transform financial markets by reducing costs, reducing risk and increasing market access. But if bold action is not continued, the UK risks falling behind other jurisdictions.”