UK’s tokenization roadmap aims to generate $44.15B annually by 2035
The UK government has unveiled a roadmap for tokenized finance, projecting an annual economic output of $44.15 billion from the sector by 2035. A key initiative is the planned issuance of a government bond in Q1 2027. A task force of approximately 54 major firms, including BlackRock, Goldman Sachs, JPMorgan, Coinbase, and Ripple, has been established to develop live use cases. However, some institutions like Barclays and PwC offer a more cautious projection of around $29.45 billion for the same period.
In related developments, Airbnb CEO Brian Chesky hinted at the potential for tokenizing real-world assets, acknowledging the transformative potential for liquid ownership, faster settlements, and 24/7 global markets. However, he expressed skepticism, emphasizing that widespread trust, not just advanced technology, will determine the success of any tokenization model.
The broader tokenization sector is experiencing significant growth. Data from Token Terminal shows the total tokenized asset market cap has reached a new peak of approximately $340 billion, led by stablecoins. The involvement of major governments, financial institutions, and global companies is making ambitious market projections appear increasingly feasible.
ambcrypto07/15 01:03
