UK Treasury report on tokenization cites Ripple as convergence model
CoinDesk·
60-second summary
The UK Treasury-backed report is pushing to tokenize repo, gilts, and funds onchain within two years, citing permissionless networks like those developed by Ripple as a convergence model. This shift towards decentralized systems could have significant implications for the financial sector, potentially increasing efficiency and reducing costs, as traditional institutions explore blockchain adoption.
A Treasury-backed report targets putting repo, gilts and funds onchain within two years, and warms to permissionless networks that firms like Ripple have been building on.