The UK government has released a tokenized finance roadmap targeting its first government bond issuance for the first quarter of 2027, projecting $44.15 billion in annual economic output by 2035. Fifty-four firms, including BlackRock, Goldman Sachs, JP Morgan, Morgan Stanley, Coinbase, Ripple, and Circle, have joined the UK task force to develop live use cases. Barclays and PwC offered a more cautious projection of approximately $29.45 billion for the same period. Airbnb CEO Brian Chesky hinted at tokenization but expressed skepticism, while the total tokenized asset market cap has reached a new peak of about $340 billion.
The tokenization sector is accelerating, with the UK government announcing its entry via a tokenized finance roadmap. The UK targets its first government bond issuance for the first quarter of 2027, projecting $44.15 billion in annual economic output by 2035.
Approximately 54 firms, including BlackRock, Goldman Sachs, JP Morgan, Morgan Stanley, Coinbase, Ripple, and Circle, have joined the UK government’s tokenization task force. However, Barclays and PwC were cautious, projecting about $29.45 billion for the same period, assuming the UK becomes the leading hub as the U.S. and Europe adopt in parallel.
Airbnb CEO Brian Chesky hinted at tokenizing the business but remained skeptical. He stated, “I’ve been quietly keeping an eye on real-world asset tokenization for a while now. Most of it is noise. But underneath the noise, something real is happening.”
Chesky stressed that the tokens and chains were not the interesting part, but the ownership bit. He pointed to settlement speeds, 24/7 markets, and access with no boundaries, adding, “The internet made information liquid. This makes ownership liquid. This is just the beginning.”
He remained skeptical of the technology, citing trust issues. Chesky argued that the winning token won’t be the most advanced but the one trusted by the majority.
According to Token Terminal, the total tokenized asset market cap reached a new peak of about $340 billion. Stablecoins led with $295.9 billion, followed by tokenized funds at $34.6 billion.
The number of tokenized asset holders was rising, at 283.1 million across 47 blockchains. Securitize led among issuers with a total RWA value surpassing $5 billion, the first tokenization platform to reach this milestone.
