Major U.S. Banks Join U.K. Government's Tokenization Taskforce

Major U. S. Banks Join U.

K. Government's Tokenization Taskforce CryptoProwl Mon, July 13, 2026 at 3:58 PM GMT+2 1 min read BLK JPM GS MS BTC Major U. S.

Banks Join U. K. Government's Tokenization Taskforce Several leading U.

S. banks and financial institutions have joined the United Kingdom's tokenization taskforce. Asset manager BlackRock (NYSE: $BLK), commercial bank JPMorgan Chase (NYSE: $JPM), and investment banks Goldman Sachs (NYSE: $GS) and Morgan Stanley (NYSE: $MS) have joined the taskforce.

The group will spend the next year working on tokenization use cases across U. K. financial markets.

More From Cryptoprowl: Robinhood Chain Sees Nearly 16,000 Meme Coin Launches in Single Day Standard Chartered Doubles Down On $100,000 Bitcoin Price Target JPMorgan Chase Says Bitcoin's Main Risk Isn't Strategy Investor Michael Burry Bets Against Prediction Markets MEXC Expands Ondo Tokenized Stock Lineup With SK Hynix and Four Other Trading Pairs The taskforce comes as a growing number of countries look to tokenize their financial markets, creating digital representations of stocks and bonds that trade around the clock. The market for tokenized assets could reach $88 trillion U. S.

by 2035, according to the Boston Consulting Group, dwarfing the current crypto and stablecoin market that's worth $3 trillion U. S. Other jurisdictions such as the U.

S. and the European Union (EU) are also looking at how to integrate tokenization into financial markets. Advocates say that tokenized assets could lead to productivity gains and cost efficiencies, which could benefit global trading hubs such as London.

U. S. banks have been at the centre of efforts to tokenize stocks and other assets in the U.

S. Bitcoin (CRYPTO: $BTC), the largest cryptocurrency by market capitalization, is trading at $62,500 U. S.

on July 13.