UK Payments Network Ready for Tokenization
UK regulators have stated that the country’s financial payments network is ready for asset tokenization, according to CoinDesk. This marks a significant step for the UK in the crypto and blockchain finance space.
Standard Chartered has previously indicated that tokenization could pull trillions of dollars into DeFi. The UK’s positive regulatory stance is expected to attract more financial institutions to participate in tokenization.
Source: CoinDesk