Ripple joins UK's 54-company tokenization working group
- —The group includes J.P. Morgan, Goldman Sachs, BlackRock, Circle, Coinbase, Kraken and Ripple
- —The first use case will be tokenized repo, with 9 workstreams created
- —Estimated impact: £33 billion a year by 2035 and £14 billion in tax revenue
- —Tokenized assets on the XRP Ledger grew from $150 million to nearly $4 billion in a year
Why it matters: Britain is moving tokenization from pilots into regulated markets, strengthening Ripple's position and setting a model for the G7.
Source: TronWeekly