HMT released the Transatlantic Taskforce’s initial recommendations on July 14, outlining 10 steps to tighten UK-US coordination on digital assets and capital markets.
A 1-year private sector group would test cross-border tokenised-asset use cases, while both countries are preparing a joint stablecoin statement and backing a multi-money framework covering stablecoins, tokenised deposits and other digital money.
Regulators also mapped capital-markets changes: FCA and SEC staff will examine ways to ease cross-border fundraising, coordinate around UK consolidated tapes, and review reforms tied to the SEC’s Foreign Private Issuer framework.
The package extends to market plumbing and standards, with the CFTC and FCA exploring longer-term substituted compliance for UK swap execution facilities and authorities reaffirming support for global accounting, auditing and Basel crypto standards.
The recommendations stem from a taskforce launched by Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent, feeding into the UK-US Financial Regulatory Working Group’s push for closer regulatory alignment.
With differing stablecoin rules, can the US and UK truly forge a single digital asset market?
As US reforms favor domestic firms, can UK collaboration truly reopen Wall Street for London's issuers?
Is the new UK-US financial pact a defensive wall or a blueprint for global market integration?
The 2026 US-UK Digital Asset and Capital Market Roadmap: A Blueprint for Global Tokenization and Regulatory Alignment
Overview
On July 14, 2026, the US and UK launched the Landmark US-UK Digital Asset and Capital Market Roadmap, a joint initiative to create coordinated rules for digital finance, including tokenized securities and stablecoins. This effort is led by the Transatlantic Taskforce for Markets of the Future (TTMF), which actively engaged the private sector earlier in 2026. The roadmap aims to deepen financial cooperation and reduce regulatory friction between the two countries, setting a global precedent for digital asset regulation. It also introduces a private sector experimentation framework and brings US GENIUS Act reserve standards to London, supporting innovation and harmonization in global markets.