UK Crypto Groups Push for Inclusion in Tech Bridge
- UK industry groups advocate for digital assets in UK-US Tech Bridge.
- Potential $3.159T fintech market access increase forecasted.
- Enhanced stablecoin and tokenization liquidity anticipated.
UK industry groups have urged the British government to include blockchain and digital assets in the UK–US Tech Bridge, ahead of President Trump’s visit, to enhance transatlantic financial relations.
This inclusion aims to unlock $3.159 trillion in market access, driving institutional investments and fostering deeper liquidity in cryptoasset markets, affecting assets like BTC, ETH, and stablecoins.
The UK Cryptoasset Business Council and other groups urge the British government to incorporate digital assets in the UK–US Tech Bridge. A joint letter was sent to Business Secretary Peter Kyle and Economic Secretary Lucy Rigby to support digital innovation.
The lobbying effort, led by key industry groups like techUK and TheCityUK, seeks to establish a transatlantic corridor for stablecoin payments. They stress excluding digital assets from the collaboration would be a missed opportunity for the UK.
The proposed inclusion of digital assets could significantly impact the UK and US, promoting cross-border stablecoin flows that enhance liquidity. Institutions might see increased capital inflows, improving access to a substantial financial market.
Financial implications include a potential $3.159 trillion boost in market access for fintechs. There’s a focus on facilitating stablecoins and tokenized assets, aligning with regulatory frameworks. As Simon Jennings, Executive Director, UK Cryptoasset Business Council stated, “We would like to establish a transatlantic corridor for payments in stablecoins between the two countries. Other ambitions include joint support for the tokenization of traditional financial instruments and developing deep liquidity in transatlantic cryptoasset markets.” The strategic measures aim to lift economic interactions.
Exploring historical precedents, similar initiatives have catalyzed significant asset migrations and investments. The Cryptoassets Order 2025 promises additional regulatory clarity, likely fostering an innovative environment for digital currencies and potential broadened scope for blockchain applications.
Insights suggest regulatory and technological advancements could reshape the digital asset landscape. Expanding the regulatory framework is expected to solidify the UK’s position globally in blockchain and digital asset markets, encouraging further investments.
