UK at risk of £290bn finance industry ‘being governed overseas’ Economics The UK is at risk of its booming financial services industry being governed overseas after lagging behind international rivals in digital asset innovation, a new report has warned. Banking industry body UK Finance has issued a rallying call to policymakers to move at pace in developing the infrastructure to power tokenisation, or see the country [...]
How the Treasury got ‘fed up’ with the Bank of England’s payments plan Fintech The government moved to more closely monitor the Bank of England’s overhaul of the UK’s payments system after growing frustrated with the sluggish pace of the plans, industry figures have said. The Treasury revealed last week it would begin tracking the central bank’s progress on payments and digital currencies by introducing a new secondary objective [...]
Barclays and Lloyds back calls to digitalise UK markets and unlock £33bn boost Markets Top financial institutions have rallied behind a new report calling for the government to accelerate the digitalisation of UK markets to deliver a £33bn annaul boost to the economy. The paper, backed by a 54-strong taskforce that includes the likes of Barclays, JP Morgan and Lloyds Banking Group, says the tokenisation of markets could add [...]
Baillie Gifford launches UK’s first ever tokenised fund June 22, 2026 Baillie Gifford has launched the UK’s first ever fully tokenised investment fund, in a move that will grant savers the opportunity to invest in short-dated bonds via blockchain-based tokens. The Scottish investment house unveiled its Enhanced Yield Fund on Tuesday, with a mandate actively to manage investors money in a variety of short-term corporate and [...]