🇬🇧 The UK Leads the G7: The Tokenization of Government Bonds Officially Begins!
In the wave of global financial digitalization, the UK once again showcases its ambition as a financial center. The UK has officially become the first country in the G7 to start testing blockchain-based government bonds!🚀
Core Highlights:
🔹 DIGIT Project: Testing is being conducted in the Bank of England's 'digital sandbox.' This is a special testing ground that allows for real-world testing of cutting-edge technology in an environment free from some existing legal restrictions.
🔹 Orion Platform Support: This test relies on the Orion infrastructure. The platform has extensive experience, with global digital asset issuance exceeding $3.5 billion, including the issuance of $1.3 billion in 'green bonds' in Hong Kong in 2025.
🔹 Legal Validity: These digital tokens represent a legal claim against the UK government, with economic value equivalent to traditional government bonds.
Why is this significant?
In Europe, only Switzerland and Luxembourg have issued tokenized government bonds so far. Germany has plans (such as KfW Bank) but has not yet finalized anything. This move by the UK directly establishes its leadership position in the RWA (Real World Assets) tokenization space among G7 countries, paving the way for institutional investors to enter the market on a large scale.
Compliance Timeline 🗓
Additionally, the UK's Financial Conduct Authority (FCA) has clarified the regulatory timeline for the crypto industry:
✅ September 2026: Formal opening of applications for crypto exchange licenses.
✅ October 25, 2027: Full regulatory mechanisms come into effect. By then, all exchanges, wallet operators, and related services will be subject to FCA regulation.
Foggy London is accelerating its transformation into a 'global crypto hub.' Who do you think will be the next G7 country to follow suit?👇
