The UK Releases "Digitalisation of Wholesale Financial Markets Strategy" to Promote DLT and Financial Asset Tokenization Innovation

On July 15, the UK government released the "Wholesale Financial Markets Digital Strategy," explicitly supporting the reshaping of market structures through new technologies such as Distributed Ledger Technology (DLT), AI, and quantum computing. It supports the tokenization of financial assets, digital payments, and the digitization of post-trade processes. At the same time, it will coordinate the digitization process inside and outside the industry and align with international rules. The government will also accelerate the implementation of the plan through legislation, sandbox mechanisms, and regulatory support to promote the digital transformation of the UK market. [Wu Blockchain]