The UK government is set to appoint a 'digital markets champion' to spearhead blockchain integration within wholesale financial markets. This new role will focus on coordinating efforts between the public and private sectors to modernize market infrastructure through tokenization. Additionally, a taskforce will be established to phase out paper share certificates, transitioning to a fully digital framework. In a move to further support the digital transition, UK regulators have relaxed certain crypto regulations. This includes lifting the retail ban on crypto exchange-traded notes and introducing exemptions for corporate stablecoin holdings, aiming to foster a more crypto-friendly environment.