Ripple (XRP) has released a new report outlining how the United Kingdom can embrace and integrate digital assets and stablecoins, positioning itself as a global leader in the evolving financial landscape.

As the US prepares to ramp up stablecoin adoption through the GENIUS Act, the UK is gradually warming up to the use of digital assets in its financial ecosystem.

Ripple believes the UK has a significant opportunity to lead in this space, provided it adopts a progressive regulatory approach.

A Call for Action for the UK From Ripple on Crypto Assets

In its report, Ripple urges the UK government to seize the growing momentum behind crypto assets. The firm argues that by encouraging innovation and investment, the UK can enhance its financial competitiveness alongside the US.

Chancellor Rachel Reeves has echoed similar sentiments. She has outlined draft legislation aimed at regulating cryptoassets, signaling a willingness to support digital asset integration within the country’s financial system.

Reeves noted that while maintaining international regulatory standards is crucial, regulations must also promote economic growth.

The Financial Conduct Authority (FCA) recently approved the listing of cryptocurrency exchange-traded funds (ETFs) for retail investors on the London Stock Exchange, marking a significant step toward mainstream adoption.

Additionally, the Bank of England and the FCA are advancing their Digital Securities Sandbox initiative and introducing new cryptoasset rules. These efforts are intended to position the UK as a competitive player in the global crypto industry.

According to Ripple, the UK has immense potential in this sector. If regulations are crafted effectively, they can foster innovation, expand financial inclusion, and strengthen the UK’s status as a global financial hub.

From Ripple:

If the regulatory framework is designed correctly, it can facilitate innovation, enhance financial inclusion and solidify the UKʼs position as a competitive
financial centre.

Key Areas of Focus: Stablecoins and Tokenization

Stablecoins and tokenized assets remain central themes in Ripple’s report. Ripple argues that stablecoins are vital to the development of the digital economy and urges the UK to accelerate the implementation of a regulatory framework for these digital currencies.

A recent example includes British firm BCP Technologies launching a British pound-backed stablecoin, tGBP, on the Ethereum network.

On the topic of tokenization, Ripple calls for regulatory clarity and tax reforms to enable tokenized assets to thrive in the UK. The company praised early efforts but stressed that bold and forward-thinking action is necessary to fully unlock the potential of this technology.

In April, Ripple partnered with the UK Centre for Blockchain Technology to host the London Policy Summit. The event brought together academics, industry leaders, and policymakers to discuss how the UK can capitalize on digital asset innovation.

Political interest is also growing. During the 2025 Bitcoin Conference, Reform UK leader Nigel Farage announced the proposed Cryptoassets and Digital Finance bill, promising its implementation if his party gains power.

Ripple’s Long-Term Vision for the UK

Farage also proposed the creation of a national Bitcoin Reserve held by the Bank of England, inspired by similar proposals in the US.

Ripple’s continued advocacy suggests the company may have strategic ambitions within the UK market. Speculation has grown over a potential GBP-backed stablecoin from Ripple, following the launch of RLUSD in 2024.

As the UK moves closer to establishing a balanced regulatory environment, Ripple and other crypto firms appear ready to invest and expand in the region, signaling a new chapter for the UK’s role in the global digital economy.