UK to Appoint ‘Digital Markets Champion’ for Tokenization Effort

Oct. 8, 2025, 4:31 PM UTC

The UK government will appoint a so-called digital markets champion to spearhead its efforts to digitize wholesale financial markets using blockchain technology.

The new role will lead, join up and coordinate private sector work on tokenizing wholesale financial markets in the UK, Economic Secretary to the Treasury Lucy Rigby said in prepared remarks seen by Bloomberg News for a speech on Wednesday. Tokenization is the process through which traditional assets such as stocks and bonds are issued, traded and settled using the technology underpinning cryptocurrencies.

A new group called the Dematerialisation Market Action Taskforce will also be established to oversee ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.