US and UK Unveil Joint Roadmap to Align Rules for Tokenized Finance

The United States and United Kingdom have released a 10-point roadmap aimed at reducing regulatory friction for tokenized assets, stablecoins and digital financial markets operating across both countries.

Taskforce Sets Out Digital Asset Priorities

Published Tuesday by the U.S. Treasury and HM Treasury, the recommendations come from the Transatlantic Taskforce for Markets of the Future. On the digital asset front, the two governments propose forming an industry-led working group to test cross border tokenization projects, coordinate regulation of tokenized securities, and support development of cross-border stablecoins. The plan also calls for reviewing global banking standards for cryptoassets and building frameworks that let stablecoins, tokenized bank deposits and other digital money forms operate side by side.

Joint Statement Backs Private-Sector Role

Both governments issued a joint statement supporting cross-border stablecoin activity, saying the private sector should take the lead in developing digital money and payment systems. The roadmap does not create new rules but identifies where regulators, including the SEC, CFTC, FCA and Bank of England, plan to coordinate more closely, including on settling tokenized securities and using stablecoins or tokenized money market funds as collateral.

Traditional Markets Also in Scope

Beyond digital assets, the roadmap pushes for closer cooperation on cross border capital raising between the SEC and FCA, along with reviews of derivatives supervision, market data transparency and accounting standards. Treasury Secretary Scott Bessent said the recommendations reflect the strength of both countries’ financial markets and their shared focus on growth and innovation.