UK enlists BlackRock, Ripple, and Barclays for a national tokenization taskforce
UK pushes tokenized finance as Bitcoin slips below $63K, Strategy builds its cash reserve and BitMine further expands its Ethereum treasury.
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The UK is bringing major banks and asset managers together to build tokenized financial markets.
At the same time, Bitcoin is under pressure as tensions around the Strait of Hormuz drag global risk assets lower.
Strategy is building cash instead of buying more Bitcoin, while BitMine keeps expanding its Ethereum treasury.
The developments come as Trump calls on Congress to pass the CLARITY Act and establish a federal framework for digital asset markets.
UK enlists 54 firms including BlackRock, Ripple, and JPMorgan for tokenization taskforce
The UK just assembled a 54-firm taskforce to bring tokenization to wholesale finance.
Goldman Sachs, Morgan Stanley, UBS, Coinbase, and Kraken all made the roster.
The goal is scaling tokenized assets across capital markets nationwide.
If this works, London becomes the blueprint for how traditional finance goes on-chain.
Markets
Middle East tensions drag risk assets down worldwide
US military strikes on Iran sent oil prices surging past $76 per barrel.
Fears over the Strait of Hormuz rattled global markets from Tokyo to New York.
South Korea's Kospi lost nearly 10%. Japan's Nikkei and China's SSE each fell over 2%.
Crypto followed the risk-off mood across the board.
BTC slipped near $62K, ETH fell below $1,800, SOL dropped near $76, and XRP settled around $1.08.
Bitmine scoops up 28K ETH, now holds nearly 5% of Ethereum's total supply
Bitmine Immersion Technologies bought 27,801 ETH in a single week.
The company now holds over 5.7 million ETH, or 4.8% of circulating supply.
That kind of concentration could reshape staking rewards and market dynamics for every ETH holder.
Strategy raises $467M selling MSTR shares, holds off on buying more Bitcoin
Strategy sold 4.8 million shares last week but didn't buy a single sat.
Its Bitcoin treasury sits untouched at 843,775 BTC, worth roughly $53B.
Building a cash war chest while skipping buys suggests the company sees better entry points ahead.
On Our Radar
Crypto's redemption arc: Bolivia considers making stablecoin an official payment method.*
Crypto's small business moment: Programs designed to help tiny crypto ventures actually survive 2026.
Japan's on-chain play: SBI and Solana are building the country's first blockchain-based financial market.
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Until next time.
Estéfano
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