UK Recruits 54 Firms for Tokenized Markets, Targets First Digital Gilt by Early 2027 With £33 Billion Annual Projection

The UK is finalizing and expanding its crypto regulatory framework, moving from political uncertainty through FCA rulemaking toward tokenized markets and bilateral US alignment.

The UK government recruited 54 firms to participate in its tokenized markets initiative and set a target of issuing the first digital gilt by early 2027, with a government-backed projection of £33 billion in annual economic benefit. Ripple was named as a participant in a UK Treasury-backed plan to move repo and fund settlement on-chain within 12 months.