Woofun AI reports that 54 financial institutions, including BlackRock, Goldman Sachs, JPMorgan Chase, HSBC, and UBS, have joined the Wholesale Digital Markets Working Group supported by HM Treasury. Backed by the City of London Corporation, the group will examine real-world tokenization use cases over the next year, prioritizing tokenised repurchase agreements. Chris Woolard, HM Treasury’s lead on wholesale digital markets, described the sector as a "network race" requiring rapid action to avoid exclusion from global digital financial infrastructure development.