The United States and the United Kingdom unveiled a joint plan on Tuesday to make it easier for tokenized financial products to move between their markets as both markets open up to blockchain technology. The recommendations came from the Transatlantic Taskforce for Markets of the Future, established by U.S. Treasury Secretary Scott Bessent and UK Chancellor Rachel Reeves last September.

The taskforce outlined several recommendations spanning digital assets and capital markets. They also proposed a pilot to test cross-border tokenization projects, coordinated regulation of tokenized securities and cross-border stablecoins. They also want to assess banking standards for crypto and build policies that let stablecoins, tokenized bank deposits, and other forms of digital money coexist.

This story is an excerpt from the Unchained Daily newsletter.

They identify where regulators, including the SEC, the CFTC, the UK’s Financial Conduct Authority, and the Bank of England, intend to work more closely, such as common approaches to settling tokenized securities and whether stablecoins or tokenized money market funds could serve as collateral.

The taskforce also issued a joint statement supporting cross-border stablecoin activity, saying the private sector will play a central role in developing digital money and payment systems. Beyond crypto, the roadmap calls for the SEC and FCA to explore easier cross-border capital raising and to review derivatives supervision, market data transparency, and international accounting standards.

The move comes as the European Commission is reportedly preparing to reopen MiCA to cover foreign crypto asset issuers and tokenized payments.

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