A UK government-backed digital markets taskforce has brought together 54 financial firms to develop live tokenization use cases.

UK taps 54 firms including Goldman Sachs, BlackRock, Coinbase, and Ripple to accelerate wholesale market tokenization by 2035.

Industry leaders say payment infrastructure must evolve alongside tokenized assets to enable real-time settlement.

A UK government-backed digital markets taskforce has brought together 54 financial firms to develop live tokenization use cases.

The Depository Trust & Clearing Corporation is working with nearly 40 financial firms in a pilot to test tokenized stocks and treasuries.