Ripple has joined the UK Treasury's Wholesale Digital Markets task force, a 54-member group exploring tokenized finance. The initiative projects that tokenized wholesale markets could generate up to £33 billion annually by 2035, according to Treasury analysis.
A seat at the table
Ripple participates as a member, not a lead, but the move places the company inside the policy discussion on tokenization standards. The task force is designed around traditional finance institutions rather than crypto-native firms, making Ripple's inclusion notable. The company stated that on-chain funds, bonds, and repos are already in use, offering faster settlement and lower costs than legacy systems.
The UK's mature capital markets and strong regulatory framework position it as a potential hub for tokenized finance. Industry observers view the task force as a signal of structural change, not a mere experiment.
Strategic implications
If UK and US tokenization regulations align, Ripple's early participation could give it an edge in cross-border collateral and settlement systems. The public consultation on the project runs until September 4.
Separately, Ripple revealed internal turmoil during the SEC lawsuit. CEO Brad Garlinghouse said the company considered shutting down in 2020, including distributing XRP to shareholders. External legal counsel advised that survival was unlikely. Ripple spent about $150 million on legal fees over four years. CTO David Schwartz later downplayed the closure risk, calling such interpretations exaggerated.
XRP price outlook
XRP currently trades above the $1.04–$1.11 support zone. Holding this range could allow a move toward $1.19 and then $1.25, while a breakdown would strengthen bearish momentum. The token has risen about 3.89% year-to-date in 2026, marking three consecutive annual gains. The task force participation strengthens Ripple's institutional standing but is unlikely to drive short-term price action. The key catalyst remains adoption after the pilot project expected in 2027.