Woofun AI reports that a UK government-backed digital market task force has assembled 54 financial institutions to develop real-time tokenization use cases, prioritizing end-to-end tokenized repurchase transactions. Participating entities include Blackrock, JPMorgan, Goldman Sachs, HSBC, Morgan Stanley, UBS, Barclays, Citi, State Street, Coinbase, Circle, Ripple, and Wintermute.

A UK Treasury-supported report projects that the tokenization market could contribute up to £33 billion to the UK’s annual output by 2035. Global tokenized real-world assets are estimated to reach $88 trillion by that year, potentially generating $44 billion in new annual economic output and $18.7 billion in annual tax revenue for the UK. The roadmap outlines use cases for tokenizing fixed income and uncleared over-the-counter derivatives, recommending the completion of the first pilot issuance based on the UK Digital Gilt Instrument (DIGIT) before the first quarter of 2027.