The UK Treasury is taking action to accelerate the integration of blockchain technology into its financial markets by appointing a dedicated ‘Digital Markets Champion’. This new role will oversee the digitalization of key aspects of wholesale financial markets, including asset issuance, trading, and settlement. The UK government has already established the ‘Dematerialisation Market Action Taskforce’ to facilitate the transition from traditional paper-based equity certificates to electronic formats. Further driving this initiative is a strategic ‘Wholesale Financial Markets Digital Strategy’ that aims to promote blockchain adoption alongside the integration of artificial intelligence. The government also recently launched a tender for ‘Digital Gilt’ (DIGIT), inviting technology companies to participate in issuing UK government bonds on the blockchain.