Ripple Joins UK Treasury Taskforce to Scale Tokenized Bond and Repo Markets

Dr. Guneet Kaur

Tue, July 14, 2026 astatine 3:34 AM CDT 6 min read

Key Takeaways 

• Ripple joins BlackRock, JPMorgan, Goldman Sachs, and 50 others successful a government-backed taskforce targeting unrecorded tokenized repo trials by outpouring 2027

• Productivity gains from afloat adoption could adhd £33 cardinal to yearly UK economical output and £14 cardinal successful yearly taxation gross by 2035

• Tokenized RWAs connected the XRP Ledger person grown from $150 cardinal to $4 cardinal successful 1 year, with much than 500 products present unrecorded connected the web

HM Treasury published the archetypal study from its Wholesale Digital Markets Champion, Chris Woolard CBE, connected July 13, addressed straight to the Chancellor, launching a 54-firm taskforce with a mandate to determination tokenized repo, fixed income, and funds from sandbox pilots into unrecorded markets wrong 12 months.

The City of London Corporation is acting arsenic secretariat. Ripple is named successful the study arsenic a credentialed organization subordinate driving the process alternatively than a crypto entrant to beryllium managed.

The favoritism is significant. Ripple joins BlackRock, JPMorgan Chase, Goldman Sachs, Morgan Stanley, UBS, Barclays, HSBC, Euroclear, Bloomberg, Coinbase, and Circle arsenic 1 of the firms selected for the taskforce based connected their relation successful organization fiscal infrastructure alternatively than a commercialized involvement successful promoting the technology.

Woolard spent 8 years astatine the Financial Conduct Authority, including a spell arsenic interim main executive, earlier taking the wholesale integer markets relation successful April 2026. His study carries the afloat value of a Treasury committee and is addressed to the Chancellor alternatively than to an manufacture audience.

Ripple's Specific Role and Why It Was Selected

Two Ripple assets secured their spot successful the taskforce:

• The archetypal is Ripple Prime, the premier brokerage acquired done the $1.25 cardinal acquisition of Hidden Road, which holds some an FCA concern steadfast licence and a cryptoasset registration covering spot and derivatives crossed overseas speech and integer plus markets. That dual licensing gives Ripple a regulated organization beingness that astir crypto-native firms lack. 

• The 2nd is the Santander UK relationship, cited successful the study arsenic a white-label illustration successful which the slope fronts the lawsuit narration portion Ripple's rails determination the money. A large UK retail slope utilizing Ripple arsenic invisible infrastructure successful accumulation is the benignant of notation a authorities taskforce tin mention without reservation.

Ripple's XRPL infrastructure underpins much than 500 products, including the JPMWH and Ondo Short-Term Government Bond Fund, which unneurotic correspond astir $2.5 cardinal successful tokenized worth connected the ledger. Total tokenized RWAs connected XRPL reached $4 billion, up from $150 cardinal a twelvemonth ago.