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UK Releases Wholesale Financial Market Digitalization Strategy, Promoting DLT and Stablecoin Innovation
Summary: According to reports, the UK government has announced the release of a wholesale financial market digitalization strategy, explicitly supporting the application of Distributed Ledger Technology (DLT) and asset tokenization in the wholesale financial sector. The strategy outlines government efforts to identify the best use cases for DLT in the industry, support financial asset tokenization and ...
According to reports, the UK government has announced the release of a wholesale financial market digitalization strategy, explicitly supporting the application of Distributed Ledger Technology (DLT) and asset tokenization in the wholesale financial sector. The strategy outlines government efforts to identify the best use cases for DLT in the industry, support financial asset tokenization and post-trade process digitalization, and test various digital payment solutions including stablecoins through a 'digital securities sandbox'. Additionally, the UK will enhance relevant legislation and regulatory frameworks, encourage industry alliances to drive digital innovation, and solidify its leading position in global financial technology.
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Link: UK Releases Wholesale Financial Market Digitalization Strategy, Promoting DLT and Stablecoin Innovation [Copy]
