U.S. and UK Treasuries Seek to Coordinate Tokenization and Stablecoin Rules; Report Says Tokenization Could Boost UK Economy by $44 Billion in Annual Output

Odaily Planet Daily News The U.S. Department of the Treasury and the UK Treasury have issued recommendations from the Transatlantic Future Markets Working Grou…

• The U.S. and UK Treasuries are recommending a private sector-led group to test cross-border tokenized asset use cases and are working towards a common regulatory approach.
• A joint statement emphasizes regulatory coordination for a dynamic cross-border stablecoin market, requiring stablecoins to be fully backed by high-quality liquid assets at a minimum 1:1 ratio.
• A report suggests tokenization could boost the UK's annual economic output by $44 billion by 2035 if the UK leads in global tokenization adoption.

Topics: Jurisdictions, Legal regulatory, Asset types, Cross jurisdictional policy, Securities law classification, Financial instruments, Stablecoins digital cash

Tags: #ustreasury #uktreasury #tokenization #stablecoinregulation #crossborder #economicoutput #regulatorycoordination #transatlanticfuturemarketsworkinggroup #highqualityliquidassets

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