BlackRock, Goldman Sachs, JPMorgan Chase, and Morgan Stanley Join UK Treasury's Special Working Group of 54 Companies for Tokenization
BlackRock, Goldman Sachs, JPMorgan Chase, and Morgan Stanley have joined a special working group of 54 companies formed by the UK Treasury to jointly promote the tokenization of the UK financial market.
The working group aims to accelerate the on-chain representation of real-world assets (RWA) and explore the blockchain tokenization applications of traditional assets such as securities and funds.
This move signifies deep cooperation between traditional Wall Street giants and UK regulators on tokenization infrastructure.
Source: Public Information
ABAB AI Insight
BlackRock has previously launched a Bitcoin ETF and is actively investing in RWA, while banks like Goldman Sachs and JPMorgan Chase have long been testing blockchain settlements. Their participation in the 54-company working group continues their involvement in the UK and EU tokenization pilot projects, similar to initiatives like Project Guardian in 2024-2025.
The four giants are mobilizing resources through their involvement in the official task force, collaborating with regulators to establish standards. Their motivation is to seize the first-mover advantage in the European tokenization market, combining the liquidity of traditional assets with the efficiency of blockchain, reducing settlement costs, and exploring new revenue sources.
Similar to regulatory sandbox collaborations in Singapore or Hong Kong, US/European banks are currently transitioning from a wait-and-see approach to actively shaping tokenization rules, with the UK attracting capital due to its post-Brexit flexibility.
Essentially, this represents an industry chain reconstruction: traditional financial institutions and regulators are working together to promote asset tokenization, where the mechanism allows tokenization to break the intermediary layer and T+2 settlement cycle, achieving atomic settlement and programmable compliance, reshaping the competitive landscape of global financial market infrastructure.
ABAB News · Cognitive Law
- Giants enter the arena, regulators dance together; tokenization moves from the margins to the mainstream.
- Traditional banks sell shovels, the era of blockchain gold mining truly begins.
- Whoever sets the rules reaps the liquidity dividends.