To support the delivery of tokenisation in wholesale financial markets, the Government has appointed Chris Woolard as the Wholesale Digital Markets Champion.
Woolard will be tasked with:
- Establish a cross-industry taskforce – by July 2026;
- Providing a report to the Chancellor by July 2027 on:
- How UK wholesale markets can best adopt tokenisation and other related technologies; and
- Recommendations on how the sector and government can ensure DLT interoperability;
- Promoting the delivery of the Wholesale Financial Markets Digital Strategy across the sector;
- Co-ordinating with the Chairs of the Accelerated Settlement Taskforce and Dematerialisation Market Action Taskforce.