U.S., UK Move to Align Rules for Tokenized Finance Across World's Largest Financial Markets

The U.S. and U.K. released a 10-point roadmap to coordinate oversight of tokenized assets, stablecoins and digital financial markets. The plan, according to CoinDesk, was issued Tuesday by the U.S. Department of the Treasury and HM Treasury via the Transatlantic Taskforce for Markets of the Future and aims to reduce regulatory friction for cross-border tokenized securities and stablecoin activity. The recommendations do not introduce new rules but outline closer cooperation among the SEC, CFTC, FCA and the Bank of England, including exploring common settlement approaches and whether stablecoins or tokenized money market funds could be used as collateral.