🇬🇧The UK Gov launched Wholesale Digital Markets Champions Task Force
A public private DLT finance initiative
EVERY bank that tested in GBTD orchestrated by Quant is present here.
But there's more
We see various other Enterprise DLTs present
Hedera
Ripple
XDC
Canton
Chainlink
Avalanche
Another interesting point here is the involvement of Archax, which as we know is DEEPLY tied to Hedera
We have a pretty interesting coalition here
Archax is the FIRST UK FCA regulated tokenization platform & leverages Hedera to make it possible.
On top of this, we've seen Archax & Aberdeen pioneer the first ever tokenized collateral transaction with an Aberdeen MMF & tokenized UK gilt, both on Hedera.
Hedera also had been selected as the ONLY public DLT in Bank of England's DLT Innovation Challenge,
Chainlink also falls in the DLT Innovation Challenge category, along with being in BoE's Sync Lab.
Ripple is in a unique position having partnered deeply with Santander, while also having an EMI license approved by UK FCA.
XDC Network is also present & they've got some serious history with the UK in trade finance.
This is through Enigio on XDC having executed the FIRST ever UK ETDA compliant transaction for paperless trade through Lloyds Bank.
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This Task Force is truly bringing out the BEST in UK's DLT infrastructure development over the years.
✅UK Finance
✅Bank of England
✅HM Treasury
✅UK FCA
✅UK Government