UK Treasury report on tokenization cites Ripple as convergence model
CoinDesk 2026-07-13 14:06:53
Context: The UK Treasury has released a report that outlines plans to tokenize certain financial assets, including repo, gilts, and funds, with the goal of putting them onchain within the next two years. The report cites Ripple as a model for convergence, indicating a positive view towards permissionless networks that companies like Ripple have been developing. This move is part of a broader effort to leverage blockchain technology and tokenization to enhance the efficiency and accessibility of financial markets.
Key Facts
- The UK Treasury-backed report aims to have repo, gilts, and funds onchain within two years, signaling a significant push towards the tokenization of traditional financial assets.
- The report specifically cites Ripple as a convergence model, suggesting that the Treasury views Ripple's approach to blockchain and tokenization as a viable framework for future developments.
- The report expresses a favorable stance towards permissionless networks, such as those built by Ripple, indicating an openness to decentralized technologies that could facilitate the tokenization of financial assets.