A sentiment survey cited by The Block found strong support for tokenization among large financial institutions in the UK. According to Lloyds Bank’s 10th annual financial institutions sentiment survey, 71% of senior executives at major UK financial firms said they expect tokenization to reshape the financial services industry. The findings point to a growing belief among established institutions that tokenized financial infrastructure could alter how core services are delivered. Among the benefits mentioned by respondents, faster payments and settlement ranked first. Collateral and liquidity management were the next most frequently cited advantages. The survey result was reported by ChainCatcher, citing The Block.
According to The Block, Lloyds Bank’s 10th annual financial institutions sentiment survey found that 71% of senior executives at major UK financial institutions expect tokenization to reshape the financial services industry.
The survey showed that faster payments and settlement was the most frequently cited benefit of tokenization among respondents, followed by collateral and liquidity management.
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