Svmuu News: A report by a UK government-backed industry task force states that if the UK becomes a leader in tokenized financial markets, it could add up to 33 billion pounds—approximately 44 billion U.S. dollars—to its annual economic output by 2035. The report proposes a 12-month plan to test the use of blockchain in financial transactions involving the borrowing of cash against securities, and calls for the UK to issue its first tokenized government bond by the first quarter of 2027. Ripple supports the initiative, stating that on-chain funds, bonds, and repurchase agreements have proven to be cheaper, better, and faster than their traditional counterparts. (Cointelegraph).