A UK Treasury-backed report positions Ripple as a key player in transitioning tokenized repo, fixed income, and funds from pilot stages to live markets within the next 12 months. The report proposes a hybrid model combining permissioned institutional networks with permissionless blockchains, citing Ripple’s acquisition of Hidden Road and Santander UK’s use of Ripple’s technology as examples of traditional finance and crypto convergence. This move aims to boost the UK’s economic output by £33 billion annually and increase tax revenues by £14 billion within a decade. The report also notes regulatory progress and challenges, with the UK ahead of the US in wholesale market policy but still addressing settlement risks on public blockchains.
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