Ripple Gets a Seat, Not the Wheel: UK Treasury's 54-Firm Tokenization Taskforce Drops £33B Bombshell 🇬🇧

Ripple Labs has joined HM Treasury's Wholesale Digital Markets taskforce, a 54-firm initiative projecting that tokenized wholesale finance could add up to £33 billion to UK annual economic output by 2035. The figure originates from HM Treasury's own strategy documents; Ripple cited it in a public support statement. The company joins alongside major institutions in a program anchored in institutional finance rather than crypto-native advocacy.

Ripple's role is that of a task force member, not an advisory lead or designated pilot operator. With more than 50 organizations involved, the firm holds a seat where tokenization standards for UK wholesale markets will be shaped, but does not control the program's direction. In a post on X on July 13, 2026, Ripple said that "onchain funds, bonds, and repurchase agreements are already being used," and described these products as cheaper, faster and more efficient than many legacy equivalents.

The firm also pointed to the UK's capital markets depth and regulatory credibility as reasons the country could become a global leader in tokenized wholesale finance. Strategic logic centers on positioning: if UK and US tokenization standards converge, cross-border repo and collateral settlement could become primary use cases, making existing institutional infrastructure for cross-border payments more directly applicable.

XRP traded at $1.07, down 4.74% over 24 hours as of reporting. Ripple's task force membership does not alter the token's market structure, and no immediate product, listing or regulatory approval has been announced in connection with the appointment.