BlackRock, Goldman Sachs and JPMorgan Join UK Tokenization Taskforce 54 firms including BlackRock, Goldman Sachs, HSBC, JPMorgan, Morgan St…
BlackRock, Goldman Sachs and JPMorgan Join UK Tokenization Taskforce
54 firms including BlackRock, Goldman Sachs, HSBC, JPMorgan, Morgan Stanley and UBS have joined a UK government-backed taskforce to develop live tokenization use cases, initially focused on tokenized repo. The group will work over the next year, with a Treasury report estimating tokenized markets could add up to £33 billion in annual economic output and £14 billion in tax revenue by 2035.
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