TechFlow, July 16 — According to the UK government's official website, the UK government has released its digitalization strategy for wholesale financial markets, explicitly supporting the application of distributed ledger technology (DLT) and asset tokenization in the wholesale financial sector. The strategy proposes that the government will promote industry efforts to identify optimal use cases for DLT, support financial asset tokenization and digitization of post-trade processes, and test various digital payment solutions—including stablecoins—through a "digital securities sandbox." Additionally, the UK will improve relevant legislation and regulatory frameworks, encourage the industry to form cross-market alliances, drive digital innovation, and reinforce its global leadership in fintech.
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