The UK Treasury plans to establish a Digital Markets Champion to lead the digitization of wholesale markets. This initiative aims to enhance efficiency in asset issuance and trading using blockchain technology.
Lucy Rigby announced the formation of a task force to facilitate the transition from paper-based equity certificates to electronic formats, aimed at streamlining processes in the financial sector.
The Wholesale Financial Markets Digital Strategy will promote the use of blockchain and artificial intelligence, enhancing operational capabilities across the financial landscape.
The launch of the Digital Gilt tender invites tech providers to explore blockchain-based solutions for the issuance of UK government bonds, marking a significant step towards modernization.
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