Ripple Joins UK Tokenization Drive, Eyeing £33B Economic Boost

Ripple has joined a UK initiative that aims to move wholesale finance toward tokenized market infrastructure. The program targets live repo testing, digital gilts, and clearer rules for tokenized collateral. Supporters estimate that adoption could add £33 billion to annual UK output by 2035. XRP traded near $1.08 as the market assessed Ripple’s expanding institutional role.

UK Taskforce Sets a Twelve-Month Delivery Plan

The strategy comes from the Wholesale Digital Markets Champion, Chris Woolard, who received the Treasury appointment in April. Ripple joined 53 other firms from banking, asset management, market infrastructure, and digital assets. The taskforce will divide its work across nine action groups.

These groups will cover settlement, legal standards, collateral, market access, and technical integration. Updates will follow throughout the year, while industry feedback remains open until September 4.

Initial work will center on tokenized repo transactions, which allow institutions to borrow short-term cash against securities. Participants aim to test a complete end-to-end transaction before spring 2027.

A live execution could follow once legal and technical conditions permit. This timetable connects practical market use with clear delivery targets. Organizers also want firms to link digital assets with commercial bank money and central bank settlement systems.

Digital Gilts and Collateral Rules Take Priority

The taskforce also supports DIGIT, the government’s proposed digital gilt instrument. Woolard wants the government to issue the first digital gilt by early 2027. Later issuance could give financial institutions more digital government debt for trading and collateral use.

Moreover, the report asks regulators to clarify whether tokenized gilts can qualify as accepted collateral. Clear treatment could support wider secondary trading and improve access across established financial markets.

That guidance could help banks use digital securities inside existing wholesale systems and also reduce the need for isolated pilot programs. The plan estimates that tokenized finance may add £14 billion in annual tax revenue by 2035.

However, the forecast depends on adoption, regulation, and Britain’s share of global tokenized markets. The report places the global tokenized asset market near $88 trillion by 2035.

Regulators Move Tokenized Markets Toward Production

The Financial Conduct Authority and Bank of England already support live testing through the Digital Securities Sandbox. Sixteen firms participate in the program. They test tokenized bonds, equities, and fund units under controlled regulatory conditions.

Authorities also seek feedback on settlement assets, custody, collateral, and blockchain connections. Market operators still need clear rules on ownership, capital treatment, settlement funds, and operational responsibility.

Ripple said Britain has the market depth and regulatory base needed for wholesale tokenization. The company supports the plan through its work in payments, custody, stablecoins, and tokenized assets.

Therefore, HM Treasury, regulators, and the full task force will determine the final standards and operating rules. Tokenization may reduce manual processing and settlement delays, but firms must still manage credit and counterparty risks.

XRP Price Holds Near a Wider Bottoming Window

Meanwhile, XRP price traded around $1.08 on Binance’s two-week chart, after opening near $1.16. The chart showed a recent low near $1.07 and a decline of about 6.8%. Analyst EGRAG Crypto said the Ultimate RSI had entered a deeply compressed zone.

The MACD remained bearish, although the histogram suggested slower downside momentum. The setup matched indicator regions that appeared near earlier XRP cycle lows.

EGRAG placed the broader bottoming window around late 2026, based on earlier cycle timing. The analyst said July could support a relief move before renewed weakness between August and October. Confirmation would require an RSI higher low, an upward RMA turn, and a bullish MACD cross.