The London Stock Exchange, the old-school titan of finance, pulls off a slick move. It just launched a blockchain platform aimed straight at private fund managers.
This Digital Markets Infrastructure? It’s no smoke and mirrors, MembersCap used it live to raise capital for their tokenized MCM Fund 1, with Archax, London’s legit crypto exchange, playing the trusty middleman.
No more drowning in paper or waiting for days on settlements.
Setting the financial rules
Now, don’t forget that shiny new system only handles private funds for now. But plans are already cooking to roll it out to other asset types.
On the other hand, back in the UK corridors of power, a chorus of tech trade groups just hit the government with a serious letter.
They want blockchain front and center in the upcoming UK-US tech talks, set to sharpen focus during President Trump’s next London visit.
Distributed ledger technology, they say, is important, a core strand in the tech fabric the UK and US should weave together. Leave crypto out?
That’d be like ditching your best muscle in the chess game, handing Asia and the Middle East a big win in setting financial rules. Tokenization and stablecoins, those hot topics, are on the line.
The letter landed on Business Secretary Peter Kyle’s desk and also with Treasury’s Economic Secretary Lucy Rigby, who’s steering crypto policy.
No vague hints here, these groups spelled out the stakes clearly. Bloomberg and Financial Times whispers about a possible blockbuster UK-US deal tying AI, quantum computing, and cyber security into one tech powerhouse.
Trump’s entourage includes big names like OpenAI’s Sam Altman and Nvidia’s Jensen Huang, talk about clout and big league.
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Regulating stablecoins
The UK talks a big game about leading in crypto, Rishi Sunak’s 2022 promise to make Britain a global hub for cryptoasset technology still echoes.
Yet, behind the scenes, real regulation remains pretty stalled. The EU, US, and others are miles ahead.
The US took a heavy swing this July, with Trump signing laws to regulate fiat-backed stablecoins, nudging them closer to banking standards.
The UK, still cooking rules, plans to open the door for license applications next year, aiming to cover stablecoins, tokenization, and trading platforms.
Coordination
UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent had their own crypto powwow in March, agreeing on closer regulatory steps.
But that letter from trade groups spells it out, no coordination could spell bad news, splintered rules, harder access to big markets, and a bruising competitive grind.
So, London’s blockchain debut is the underdog’s big breakout. But the race is far from over.
With the US sprinting ahead and the UK still tying its laces, the question lingers, can Britain hustle fast enough to stay in the game?
Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
