PANews reported on July 16 that according to the official website of the British government, the British government announced a strategy for the digitalization of wholesale financial markets, which explicitly supports the application of distributed ledger technology ( DLT ) and asset tokenization in the field of wholesale finance. The strategy proposes that the government will promote the industry to identify the best application scenarios of DLT , support the tokenization of financial assets and the digitization of post-trading processes, and test a variety of digital payment solutions including stablecoins through the "Digital Securities Sandbox". In addition, the UK will improve relevant legislation and regulatory frameworks, encourage the industry to form cross-market alliances, drive digital innovation, and consolidate its leading position in global financial technology.