Tokenized Financial Markets Could Add $44 Billion Annually by 2035, UK-Backed Group Says

A UK government-backed industry working group said tokenized financial markets could generate up to $44 billion in annual economic output by 2035. According to NS3.AI, the group’s report outlines a proposed 12-month blockchain testing plan aimed at advancing tokenization in the UK’s financial system. The report also calls for the UK to issue its first tokenized government bond before the first quarter of 2027, positioning the bond as a potential milestone for broader adoption of tokenized financial instruments. The working group’s recommendations focus on testing and implementation steps intended to support the development of tokenized markets and related infrastructure.