Tokenization · The Block
UK lays out tokenized finance roadmap with projected £33 billion annual boost
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The U.K. has published a roadmap for tokenizing wholesale financial markets, saying the plan could add up to £33 billion in annual economic output and £14 billion in annual tax revenue by 2035 if it can move quickly to build the supporting infrastructure.
Key facts
- It estimates the global tokenized asset market could reach $88 trillion by 2035, up from roughly $23 billion today, 's estimates, though other industry trackers place the current market closer to $36
- The U.K. has published a roadmap for tokenizing wholesale financial markets, saying the plan could add up to £33 billion in annual economic output and £14 billion in annual tax revenue by 2035 if it
- Among its recommendations, the report calls for the U.K. to prioritize its Digital Gilt Instrument (DIGIT) pilot and aim for first issuance by the first quarter of 2027, expanding the use
- Banking Circle's Chief Digital Assets Officer Kirit Bhatia agreed that the roadmap acknowledges the need to modernize payment infrastructure to support tokenized assets
Summary
The first report from the government's Wholesale Digital Markets Champion, Christopher Woolard, focuses on tokenized government bonds, stablecoins and onchain settlements as the U.K. looks to become known as a global crypto and digital financial hub. The report notes that tokenization has moved firmly beyond experimentation and is becoming a keystone to the next generation of financial markets. It estimates the global tokenized asset market could reach $88 trillion by 2035, up from roughly $23 billion today, 's estimates, though other industry trackers place the current market closer to $36 billion.