[BlackRock, Goldman Sachs, JPMorgan Chase, and 54 Other Institutions Join UK Tokenized Financial Market Taskforce] Odaily Planet Daily News: The UK government is accelerating the process of financial market tokenization. A total of 54 financial institutions, including BlackRock, Goldman Sachs, JPMorgan Chase, HSBC, and America, have joined the wholesale digital market taskforce supported by HM Treasury. The taskforce, backed by the City of London Corporation, will explore practical tokenization use cases in the UK financial market over the next year, with an initial focus on tokenized repo agreements. Chris Woolard, Head of Wholesale Digital Markets at HM Treasury, stated in the report that tokenized financial markets represent a "network competition," and the UK must advance at the fastest pace possible; otherwise, it risks missing the opportunity to participate in the construction of global digital financial infrastructure. (CoinDesk)