On July 16, Coin World reported that the UK government announced a digital strategy for wholesale financial markets, clearly supporting the application of Distributed Ledger Technology (DLT) and asset tokenization in the wholesale finance sector. The strategy proposes that the government will promote the industry to identify the best application scenarios for DLT, support the tokenization of financial assets and the digitalization of post-trade processes, and test various digital payment solutions, including stablecoins, through a "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 fintech.