A UK Treasury-backed report on wholesale digital markets has identified Ripple as one of its core participants, according to CoinDesk. The report says repo agreements, UK gilts and funds are slated to move from a regulatory sandbox into live markets over the next 12 months. It projects that, over a 10-year period, the initiative could add about £33 billion in annual output to the UK economy and generate roughly £14 billion in tax revenue each year.
The report also outlines a hybrid market structure that would combine public blockchains with permissioned institutional networks. It cites BlackRock’s tokenized money market fund BUIDL on Ethereum as an example, while noting that settlement finality risks tied to public-chain reorganizations still need to be addressed.
It also references Ripple’s acquisition of Hidden Road, now renamed Ripple Prime, and Santander UK’s use of Ripple blockchain technology for cross-border payments. The report’s conclusion is that traditional finance firms and crypto institutions are moving closer together.
A UK Treasury-backed report on wholesale digital markets has named Ripple as one of its core participants, according to CoinDesk. The report says repo agreements, UK gilts and funds are expected to move from a regulatory sandbox into live markets within the next 12 months.
It estimates that, over a 10-year period, the effort could add about £33 billion in annual output to the UK economy and bring in roughly £14 billion a year in tax revenue.
Hybrid model built on public chains
The report proposes a hybrid structure that layers permissioned institutional networks on top of public blockchains. It points to BlackRock’s tokenized money market fund BUIDL on Ethereum as an example. At the same time, it says settlement finality risks caused by public-chain reorganizations remain unresolved.
Ripple and traditional finance convergence
The report also mentions Ripple’s acquisition of Hidden Road, which it says has been renamed Ripple Prime, as well as Santander UK’s use of Ripple blockchain technology for cross-border payments. It says traditional financial institutions and crypto firms are converging.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
