The UK releases a digital strategy for wholesale financial markets to promote DLT and stablecoin innovation

ChainCatcher news, according to the UK government's official website, the UK government has announced a digital strategy for the wholesale financial market, clearly supporting the application of distributed ledger technology (DLT) and asset tokenization in the wholesale financial sector. The strategy states that the government will promote the industry to identify the best application scenarios for DLT, support the tokenization of financial assets and the digitization of post-trade processes, and test various digital payment solutions, including stablecoins, through a "digital securities sandbox." In addition, the UK will improve the relevant legislative and regulatory framework, encourage the industry to form cross-market alliances, drive digital innovation, and consolidate its leading position in global fintech.