Blockchain for Banking News

UK Finance Chair joins board of enterprise blockchain firm R3

r3 Bob Wigley

Today, enterprise blockchain firm R3 announced that Bob Wigley was appointed as non executive director in October 2023. On his LinkedIn profile, he describes himself as an investor. Wigley has been the Chair of the industry body UK Finance for the past six years. He’s also the former Chair of Merill Lynch Europe and has extensive relevant experience.

Last year UK Finance called for government support in adopting tokenized securities. Now the UK Digital Securities Sandbox is already live. At the time, UK Finance also published a report outlining the path for the UK to becoming a leader.

Additionally, in conjunction with UK Finance, EY is coordinating the UK arm of the Regulated Liability Network. That initiative aims to support bank-based tokenized deposits. It has yet to decide on a technology.

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Image Copyright: R3