U.S., UK set joint tokenized finance roadmap across major capital markets
A transatlantic push to integrate blockchain-based finance more closely into mainstream markets is taking shape as the U.S. and UK outline shared priorities for digital assets. The plan is aimed at easing regulatory friction for tokenized securities, stablecoins and related cross-border financial activity between the two countries.
Highlights
- U.S. Department of the Treasury and HM Treasury released a 10-point roadmap via the Transatlantic Taskforce for Markets of the Future to coordinate oversight of tokenized assets, stablecoins, and digital markets.
- The roadmap recommends an industry-led cross-border tokenization working group, joint regulatory approaches to tokenized securities, and support for cross-border stablecoin development without imposing new rules.
- SEC, FCA, and other regulators will explore using stablecoins and tokenized money market funds as collateral, ease cross-border capital raising, and align derivatives, accounting, and market transparency standards.
Roadmap targets tokenized assets and cross-border rules
As reported by CoinDesk, citing the U.S. Department of the Treasury and HM Treasury, the two governments release a 10-point roadmap through the Transatlantic Taskforce for Markets of the Future to coordinate oversight of tokenized assets, stablecoins and digital financial markets.The recommendations focus on areas where regulators can work more closely together rather than imposing new rules. They include a proposed industry-led working group to test cross-border tokenization projects, efforts to coordinate regulation of tokenized securities, and support for the development of cross-border stablecoins.
The roadmap also calls for a review of global banking standards for cryptoassets and for policy frameworks that allow stablecoins, tokenized bank deposits and other forms of digital money to coexist. A joint statement from both governments backs cross-border stablecoin activity and says the private sector is expected to play a central role in developing digital money and payment systems.
Regulators named in the cooperation plan include the U.S. Securities and Exchange Commission, Commodity Futures Trading Commission, the UK's Financial Conduct Authority and the Bank of England. They are set to explore common approaches to settling tokenized securities and whether stablecoins or tokenized money market funds can be used as collateral in financial markets.
Broader market access and regulatory coordination
Beyond digital assets, the initiative extends to traditional finance, with the SEC and FCA exploring ways to make cross-border capital raising easier. The roadmap also identifies derivatives market supervision, market data transparency and international accounting standards as areas for closer coordination.Treasury Secretary Scott Bessent says the recommendations reflect the strength of the U.S. and UK financial markets and their shared commitment to economic growth, innovation and competition. The initiative links the world's two largest financial centers more closely as both governments seek to shape how tokenized finance develops within established capital markets.
Our earlier coverage focused on rising long-run inflation expectations in both the U.S. and the UK, alongside weakening public trust in the Federal Reserve and the Bank of England to keep price growth near target. We noted that this credibility strain can influence household behavior and complicate monetary policy, even as officials reiterate commitment to bringing inflation back under control.
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