US, UK announce joint plan for tokenized assets and stablecoins

The United States and the United Kingdom have announced a joint plan to support tokenized assets and stablecoins, CoinDesk reported. The U.S. Department of the Treasury and the UK's HM Treasury have released a 10-point roadmap to coordinate supervision over tokenized assets, stablecoins, and digital financial markets. The initiative focuses on reducing regulatory friction that could hinder the growth of security tokens, stablecoins, and other cryptocurrencies traded in both countries. To this end, the plan proposes forming an industry-led working group to test global tokenization projects, align security token regulations, and support the development of cross-border stablecoins. The announcement clarified that the plan outlines areas for closer cooperation among regulators—including the U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), the UK's Financial Conduct Authority (FCA), and the Bank of England—rather than introducing new regulations.