UK Enlists Wall Street and Crypto Giants to Build a Live Tokenized Repo Market

HM Treasury and Chris Woolard, the UK's Wholesale Digital Markets Champion, have convened 54 firms including BlackRock, Goldman Sachs, Coinbase and Ripple to build a live tokenized repo trial by mid-2027. Boston Consulting Group projects the global tokenized asset market could hit $88 trillion by 2035, with the UK aiming to capture £33 billion a year of that.