UK Treasury Report Backs Onchain Finance, Highlights Ripple as Key Model

A UK Treasury-backed report has outlined plans to bring repurchase agreements, gilts, and investment funds onto blockchain infrastructure within two years. The report signals a notable shift in official thinking by expressing openness toward permissionless networks. Ripple was specifically cited as an example of the convergence model the Treasury envisions for institutional finance. The findings reflect growing government interest in integrating tokenization into mainstream financial markets.