Ripple Backs UK Plan to Unlock £33B Tokenization Opportunity

Ripple backs UK tokenization plan as report projects £33B annual output by 2035, with 54 firms joining HM Treasury taskforce.

Ripple has backed a UK plan to scale tokenized wholesale markets through HM Treasury’s new strategy. The effort focuses on bonds, funds, repo markets, stablecoins, and Onchain finance.

The company said that on-chain financial instruments are already being used in live markets. It said these products can be cheaper, faster, and more efficient than older systems.

MSB Intel reported that a government-backed report projects £33 billion in annual economic output by 2035. The roadmap calls for tokenized government bonds and wider Onchain financial markets.

The strategy is supported by HM Treasury’s Wholesale Digital Markets taskforce. The group includes 54 firms, including BlackRock, Goldman Sachs, JPMorgan, and Morgan Stanley.

UK Builds Tokenization Strategy

Ripple said the UK has strong capital markets and trusted regulation. These factors may help the country grow tokenized wholesale markets. Wholesale markets serve banks, funds, and other large financial firms.

Onchain funds, bonds and repo aren't experiments. They're already happening, delivering onchain financial instruments that are cheaper, better and faster than their legacy equivalents.

The UK has the capital markets depth and regulatory credibility to be a global leader in… pic.twitter.com/ELEP4x9UGL

— Ripple (@Ripple) July 13, 2026

The company said it supports HM Treasury’s Wholesale Digital Markets taskforce. The taskforce is working on ways to scale tokenization across UK finance. Its strategy aims to move digital market tools into wider use.

Tokenization means placing traditional financial assets on blockchain-based systems. These assets can include bonds, fund shares, and short-term funding contracts. As a result, firms can track and transfer assets through digital records.

Roadmap Covers Bonds, Repo, and Stablecoins

MSB Intel reported that the roadmap includes tokenized government bonds. Government bonds are debt issued by a country to raise money. Tokenized bonds use digital records to show ownership and transfers.

BREAKING: UK government-backed report projects tokenized finance could add £33 billion annually to the economy by 2035.

The roadmap calls for tokenized government bonds, stablecoins and onchain financial markets. BlackRock, Goldman Sachs, JPMorgan and Morgan Stanley are part of… pic.twitter.com/x9YaeOGyCy

— MSB Intel (@MSBIntel) July 13, 2026

The plan also includes repo markets, which support short-term funding. In a repo deal, one party sells securities and agrees to buy them back. Tokenized repo systems may help firms settle and track these deals faster.

Stablecoins are also part of the roadmap. They are digital tokens designed to follow the value of regular money. In wholesale markets, stablecoins may support payments between approved financial firms.

Read also: Ripple Expands RLUSD to Türkiye as Stablecoin Hits $1.7B

Major Firms Join UK Digital Markets Push

The taskforce includes 54 firms from finance and digital asset markets. MSB Intel named BlackRock, Goldman Sachs, JPMorgan, and Morgan Stanley among the participants. Their involvement shows wider interest from large financial institutions.

The projected £33 billion annual output depends on adoption across the market. It also depends on rules, systems, and demand from approved firms. Therefore, the rollout will need both policy support and working infrastructure.

Ripple said the UK could lead global tokenized wholesale finance. The next focus is how the strategy becomes active market practice. Firms will watch tokenized bonds, stablecoins, repo tools, and on-chain settlement systems.