Ripple (XRPUSD)

[europa7]

Labour Wants UK to Be a Securities Tokenization Hub and Advance Digital Pound Work
https://www.coindesk.com/policy/2024/01/31/labour-wants-uk-to-be-a-securities-tokenization-hub-and-advance-digital-pound-work/

"..."Tokenization, which U.K. Finance defines as 'the digital representation of financial assets using distributed ledger technology,' presents a significant new opportunity for the U.K.," Labour said in the document, introduced by Rachel Reeves, the shadow chancellor, and Tulip Siddiq, shadow economic secretary to the Treasury. U.K. Finance is a lobby group representing the banking and finance industry.

Investment bank Citi Group estimated that tokenized assets could be worth close to $4 trillion globally by 2030 in research published last year. That means tokenization could increase liquidity and provide access to new asset classes, the report said..."