The UK plans to establish a "Digital Market Supervisor" to promote the on-chain transformation of wholesale markets

ChainCatcher news, according to Bloomberg, the UK Treasury will establish a "Digital Markets Champion" to coordinate the digitalization (Tokenization) of blockchain-based wholesale financial market asset issuance, trading, and settlement. Treasury Economic Secretary Lucy Rigby stated that a "Dematerialisation Market Action Taskforce" will be formed to oversee the transition from paper equity certificates to electronic formats.

The government has released the "Wholesale Financial Markets Digital Strategy," promoting the adoption of blockchain and artificial intelligence, and has launched a "Digital Gilt" (DIGIT) tender, inviting technology suppliers to participate in the issuance of UK government bonds on the blockchain.