The UK Treasury’s move this time is pretty interesting—traditional finance is finally starting to take on-chain seriously. The fact that Ripple’s permissionless network can be officially acknowledged is also a milestone.

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CoinNetwork
CoinDesk news: A report on tokenization has been released by the UK Treasury, which plans to move repurchase agreements, government bonds, and funds on-chain within two years, and to recognize permissionless networks built by companies such as Ripple.
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