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 <li>Ripple joins UK Treasury-backed working group alongside BlackRock, Goldman Sachs, J.P. Morgan supporting wholesale market tokenization reforms through industry collaboration.</li>
 <li>Government estimates reforms could generate £33 billion annual economic output and £14 billion tax revenue by 2035 through blockchain adoption.</li>
 <li>Roadmap includes DIGIT sovereign digital bonds, collateral tokenization, live repo transaction testing plus industry consultations before broader implementation.</li>
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Ripple has joined a UK Treasury-backed working group that will help shape the country’s wholesale market tokenization strategy. The blockchain company will work alongside BlackRock, Goldman Sachs, J.P. Morgan, Euroclear, Bloomberg, and other financial institutions as Britain accelerates plans to modernize its capital markets through blockchain technology. 
The <a href="https://www.theglobalcity.uk/PositiveWebsite/media/Research-reports/Wholesale-Digital-Markets-Champion-First-report.pdf" rel="noopener noreferrer nofollow">appointment</a> forms part of the Wholesale Digital Markets Champion program led by Chris Woolard in partnership with the City of London Corporation. The initiative brings together 54 organizations from banking, financial infrastructure, asset management, and blockchain sectors to support the government’s long-term digital market strategy. 
The UK sees tokenization as a major economic opportunity rather than simply a technology upgrade. Government estimates suggest moving wholesale markets onto blockchain infrastructure could generate up to £33 billion in annual economic output by 2035. Additionally, officials expect the reforms to produce as much as £14 billion in annual tax revenue. 
Industry projections also indicate the global market for tokenized real-world assets could reach approximately $88 trillion by 2035. Consequently, the UK aims to position itself as a leading destination for institutional blockchain finance. 
Also Read: <a href="https://36crypto.com/xrp-victory-day-marks-three-years-since-court-ruling-changed-ripples-sec-battle/" rel="noopener noreferrer nofollow">XRP Victory Day Marks Three Years Since Court Ruling Changed Ripple’s SEC Battle</a> 
<h2 id="uk-outlines-roadmap-for-digital-wholesale-markets">UK outlines roadmap for digital wholesale markets</h2>
The working group has established a detailed roadmap for the next phase of the project. One of its primary objectives involves developing DIGIT, the UK’s sovereign digital bond initiative designed to bring government debt onto blockchain infrastructure. 
Besides digital gilts, participants will also focus on tokenizing collateral markets and replacing traditional settlement systems with blockchain-based alternatives. The government believes these changes can improve settlement efficiency while supporting institutional trading activity. 
Moreover, nine dedicated action groups will develop practical use cases covering different segments of wholesale finance. Each group will test complete operational workflows instead of limiting efforts to theoretical research. 
Officials also plan to conduct live demonstrations of tokenized repurchase agreement transactions by spring 2027. These trials will evaluate how blockchain networks perform under institutional market conditions before broader implementation begins. 
<h2 id="ripple-joins-major-financial-institutions">Ripple joins major financial institutions</h2>
Ripple’s inclusion places the <a href="https://36crypto.com/xrp-victory-day-marks-three-years-since-court-ruling-changed-ripples-sec-battle/" rel="noopener noreferrer nofollow">company among some of the world’s largest</a> financial organizations participating in the reform program. BlackRock, Goldman Sachs, J.P. Morgan, Euroclear, and Bloomberg are also contributing expertise to the government’s tokenization strategy. 
The government will collect industry feedback until September 4, 2026, before advancing the initiative into its implementation phase. Additionally, participating organizations will help refine technical standards and regulatory frameworks throughout the consultation period. 
Ripple is expected to contribute its experience in enterprise blockchain infrastructure and digital asset settlement as the working group develops solutions for wholesale financial markets. 
<h2 id="conclusion">Conclusion</h2>
Ripple’s participation reflects the UK government’s broader effort to integrate established blockchain companies into its wholesale market reforms. As the roadmap progresses toward live testing and implementation, the initiative will bring together traditional financial institutions and blockchain firms to support the country’s transition toward tokenized capital markets. 
Also Read: <a href="https://36crypto.com/massive-xrp-rally-incoming-analyst-identifies-major-pattern-on-the-chart/" rel="noopener noreferrer nofollow">Massive XRP Rally Incoming? Analyst Identifies Major Pattern on the Chart</a> 
The post <a href="https://36crypto.com/ripple-selected-for-uk-treasury-tokenization-group-in-33b-market-reform/" rel="noopener noreferrer nofollow">Ripple Selected for UK Treasury Tokenization Group in £33B Market Reform</a> appeared first on <a href="https://36crypto.com" rel="noopener noreferrer nofollow">36Crypto</a>.

Ripple Selected for UK Treasury Tokenization Group in £33B Market Reform

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