More than 50 firms are participating in an effort to develop tokenization use cases across the UK, bringing together major Wall Street and crypto market names.
BlackRock, JPMorgan, Goldman Sachs, Coinbase and 50 other firms have partnered on an initiative to develop tokenization use cases across the UK. The collaboration brings together large traditional finance institutions and a major crypto exchange around tokenization, a process that turns assets or rights into digital tokens that can be used on blockchain-based infrastructure. The announcement points to continued interest in applying tokenized financial rails to mainstream markets, though no further details on the specific use cases were included in the source.