The United Kingdom continues to accelerate its digital asset strategy, with a newly highlighted government-backed report placing Ripple among the technologies referenced in the country’s tran
The United Kingdom continues to accelerate its digital asset strategy, with a newly highlighted government-backed report placing Ripple among the technologies referenced in the country’s transition toward wholesale tokenization.
The development has prompted renewed interest in the UK’s approach to distributed ledger technology (DLT), particularly as policymakers push to move beyond pilot programs and into live financial market infrastructure.
Crypto researcher BankXRP shared excerpts from the document on X, stating that the UK Treasury has identified Ripple as its convergence model for wholesale tokenization.
The post also claimed that the government’s 12-month roadmap includes bringing tokenized repurchase agreements (repos), gilts, and investment funds into live deployment while citing Ripple’s acquisition of Hidden Road and Santander UK’s cross-border payment infrastructure as examples supporting the initiative.
Report Outlines Next Stage of DLT Adoption
The attached document describes the UK’s evolving innovation landscape for distributed ledger technology, explaining that the market is shifting from experimentation toward practical deployment across use cases such as collateral management, payments, bonds, and stablecoins.
It also notes that technical improvements alone are not enough to achieve widespread adoption. Governance, resilience, integration with existing financial infrastructure, and access to central bank money remain important challenges. The report further explains that compliance requirements and due diligence costs continue to create barriers for regulated institutions adopting new DLT-based solutions.
One of the references highlighted in the document points to Ripple’s acquisition of Hidden Road. Another citation mentions Santander UK’s use of Ripple’s blockchain for cross-border payments, placing Ripple among examples considered in the report’s discussion of wholesale financial market innovation.
BankXRP Points to Economic Impact and Global Competition
BankXRP stated that the UK’s strategy could generate an estimated £33 billion in annual GDP growth and approximately £14 billion in yearly tax revenue. The researcher also suggested that the UK’s progress has placed it ahead of the United States, where the CLARITY Act remains stalled.
The post presents these projections as part of a broader effort to modernize financial infrastructure through tokenization while integrating distributed ledger technology into established markets.
The report itself emphasizes that regulation should remain proportionate to the risks and maturity of emerging technologies. Rather than applying institutional-grade compliance requirements to early-stage DLT initiatives, it recommends a framework that supports innovation while maintaining appropriate supervisory standards.
The post also generated reactions from members of the crypto community. One commenter, Andries, commented that regulatory delays in the United States could allow other countries to move ahead in blockchain adoption. He criticized members of the U.S. Congress for failing to advance crypto legislation and claimed that prolonged delays benefit established financial institutions while slowing innovation.
Although BankXRP’s post presents an optimistic outlook for Ripple’s role in the UK’s tokenization plans, the shared document primarily highlights Ripple through referenced industry examples, including Hidden Road and Santander UK, within a wider discussion of the country’s strategy to expand the use of distributed ledger technology across wholesale financial markets.
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