The British Treasury reported that Ripple was seen as a model for tokenization, promoting buy-back and public debt uplink

On 14 July, a wholesale digital market report supported by the British Treasury listed Ripple as one of the core participants, planning to transfer the buy-back agreement (repo), the British Treasury debt (gilts) and the Fund from the regulatory sandbox to the real market within the next 12 months, with an estimated additional Pound33 billion in output and Pound14 billion in tax revenue per year for the British economy over a decade. The report proposes a hybrid structure for a licensed network of institutions over the public chain, with the example of the BlackRock International Monetary Fund (BUIDL) as an example, while noting that the final settlement risk arising from the reorganization of the public chain remains to be addressed. The report also refers to the Ripple takeover of Hidden Road (renamed Ripple Prime) and the use of the Ripple block chain by Santander UK for cross-border payments, which is believed to be in decline in traditional financial and encryption institutions。