In this opinion piece, Gilbert Verdian, Founder and CEO at Quant, argues that a Digital Finance Agency is needed to shepherd the UK into a leadership position in the digital financial markets of the future.
In the decades following the ‘big bang’ of the 1980s, London and New York vied for the title of top global financial hub. Metaphorical clouds have since formed over the Big Smoke. The combination of Brexit, economic uncertainty, and fewer listings on the London Stock Exchange are all leading to a feeling that the capital has lost its financial innovation mojo.
But blockchain technology – and specifically the issuance of central bank digital currency, and the tokenisation of commercial bank deposits and other assets – offers us a huge opportunity to reinvigorate the Square Mile.
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