71% of UK finance leaders expect tokenization to reshape financial services

About three-quarters of major UK financial institutions expect tokenization to reshape financial services, Cointelegraph reported, citing a survey by Lloyds Banking Group, the UK’s largest financial services provider. The survey of 100 senior decision-makers at major local banks, insurers, asset managers and investment firms found 60% identified faster payments and clearing and settlement as tokenization’s biggest benefit, while 41% pointed to better collateral and liquidity management.