BlackRock, HSBC Join UK Tokenization Push Projected to Add $44 Billion to Economy

RegulationIndustry Impact 4
โดย BeInCrypto·Read original
Summary · why it matters

BlackRock and HSBC have joined a UK tokenization taskforce whose work could boost annual economic output by up to $44 billion by 2035, according to a study by Barclays and PwC. The group, led by government champion Christopher Woolard, includes 54 firms such as JPMorgan, Goldman Sachs, Morgan Stanley, Citi, Deutsche Bank, UBS, Fidelity International, Schroders, State Street, DTCC, Euroclear, the London Stock Exchange Group, Circle, Ripple, and Coinbase. The report to the Treasury maps a path from pilots to live markets, targeting a tokenized repo trial by spring 2027 and a pilot digital gilt instrument no later than the first quarter of 2027, which would make the UK the first G7 nation to issue tokenized government debt. The Financial Conduct Authority will open applications for its cryptoasset regime on September 30, 2026, with full rollout in October 2027. The study’s top estimate assumes the UK becomes a leading hub, while a more cautious scenario points to about $29 billion a year plus $19 billion in fresh annual tax revenue.

Impact on stocks 14

Financials▲ · 7 stocks
HSBC Holdings PLC
HSBA
▲ PositiveRegulationrelevance

HSBC joins UK tokenization taskforce that could boost economy and create new business opportunities in digital assets.

Digital Finance & Tokenization▲ · 6 stocks
BlackRock Inc
BLK
▲ PositiveRegulationrelevance

BlackRock joins UK tokenization taskforce that could boost economy and create new business opportunities in digital assets.

Artificial Intelligence▲ · 1 stocks

Theme Impact 2

Off-coverage companies 4

DTCCPrivate± Mixed
relevance

Euroclear Bank SA/NVPrivate± Mixed
relevance

PricewaterhouseCoopersPrivate± Mixed
relevance

Ripple Labs Inc.Private± Mixed
relevance

Related news

2impact 4

S&P Global Acquires OpenZeppelin to Rate Smart Contract Risk

S&P Global announced on September 17, 2026 that it has acquired OpenZeppelin, the industry standard for smart contract security, in a move that extends the ratings firm's risk-assessment mandate into the technology-risk layer of digital assets. OpenZeppelin's libraries underpin over $37 trillion in cumulative transfers and power 8 of the top 10 stablecoins, including USDC, and 10 of the top 10 tokenized money market funds, such as BlackRock's BUIDL and Franklin Templeton's BENJI. OpenZeppelin will operate as a separate business unit led by CEO Demian Brener, who will report directly to Yann Le Pallec, President of S&P Global Ratings. The deal lands on the same day the SEC granted a 5-year exemption for tokenized NMS stock trading, aligning with the broader GENIUS Act framework, and ahead of the DTCC Tokenization Service launch in October 2026. S&P Global is positioning itself as the gatekeeper of the technical standards regulators are expected to require for tokenized markets.
SPGI ▲
Digital Finance & Tokenization
Yahoo Finance·3hRead more →
▲impact 4

SEC Unveils Trading Framework for Tokenized Stocks, S&P Acquires OpenZeppelin, DeFi Market Cap Hits $80 Billion

The U.S. Securities and Exchange Commission introduced a provisional, conditional exemption allowing certain tokenized U.S.-listed equities to trade on-chain under specified conditions, while S&P Global agreed to acquire OpenZeppelin, a firm specializing in smart contract security infrastructure. The SEC measure, set out in a "Statement on Innovation Exemptions" signed by Commissioner Mark T. Ueda, guarantees holders of equity tokens the same rights as holders of conventional shares and requires third parties to notify the issuer of the underlying stock in writing before dealing in tokenized shares. According to S&P Global, OpenZeppelin's technology has supported the transfer of more than $37 trillion in value cumulatively, including major stablecoins and tokenized funds. Following these announcements, the market capitalization of DeFi-related tokens rose about $7 billion on Friday, climbing 8.8% to $79.8 billion, while the total market capitalization of the broader crypto market rose 4% to $2.7 trillion. Hyperliquid's HYPE jumped 10.8% to an all-time high of about $90.46, giving it a market capitalization of $20.12 billion; Uniswap's UNI rose 29.1% over 24 hours to about $9.00, for a market capitalization of $5.59 billion; and Aave's AAVE gained 9.5% to about $135.28. Bitwise Chief Investment Officer Matt Hougan said the SEC is trying to put in place as much of a crypto regulatory framework as it can under its existing authority, and described tokenization as a massive tide.
SPGI ▲
Digital Finance & Tokenization ▲
NADA NEWS·4hRead more →

CFTC Submits New Crypto Regulation Proposal to White House

The U.S. Commodity Futures Trading Commission submitted a regulatory proposal on crypto asset trading and markets to the White House for review on September 17. According to review records published by the Office of Information and Regulatory Affairs, which operates under the Office of Management and Budget, the item is under review at the "pre-rule stage" and is titled "Regulation of Crypto Asset Trading and Crypto Asset Markets." The public record does not indicate specific draft rules or which entities would be covered, and the submission does not mean a new rule has been finalized. To establish oversight rules for the crypto asset market, the CFTC and the U.S. Securities and Exchange Commission made Project Crypto a joint effort in January 2026, and in March they published interpretations and guidance on applying federal securities law to crypto assets; this submission is the CFTC's follow-on move toward rulemaking. Meanwhile, the CLARITY Act, which would set the SEC's and CFTC's supervisory scopes in law, has stalled, and the U.S. Senate on September 15 rejected a cloture motion to begin debate by a vote of 49 in favor to 50 against.
Digital Finance & Tokenization
NADA NEWS·5hRead more →
© 2026 MarketDXNews