The UK promotes the development of distributed ledger technology and asset tokenization

Odaily News The UK Treasury announced that it will support wholesale financial markets in exploring the best distributed ledger technology (DLT) and asset tokenization solutions to promote the widespread application of blockchain technology in the financial sector. The government plans to establish a regulatory framework for crypto technology and has released a draft legislation on stablecoins in April this year. At the same time, regulators will test stablecoins and other digital payment solutions in the newly established digital securities sandbox.