BlackRock and Major Banks Join UK Government's Financial Tokenization Taskforce

A coalition of 54 firms, including BlackRock, Goldman Sachs, JPMorgan, and Morgan Stanley, has joined a UK government-backed tokenization taskforce. The initiative is supported by the City of London Corporation, one of the UK's most influential financial bodies. Over the next year, the group will focus on developing and testing real-world tokenization applications across UK financial markets. The taskforce represents a significant push by the UK to integrate blockchain-based asset tokenization into its mainstream financial infrastructure.