UK and US Treasuries Publish First TTMF Recommendations on Digital Assets Regulatory Cooperation
Key Takeaways
- 01On 14 July 2026, HM Treasury (UK) and the US Treasury Department published the first ten recommendations of the Transatlantic Taskforce for Markets of the Future (TTMF), focusing on regulatory cooperation for digital assets and capital markets.
- 02Key recommendation includes exploring common regulatory treatment for tokenized assets, such as settlement finality and use of stablecoins as collateral.
- 03The UK and US plan a joint statement on stablecoins to support interoperable cross-border markets.
- 04Coordination at the Basel Committee on Banking Supervision for technology-neutral, evidence-based prudential standards for crypto assets.
On 14 July 2026, His Majesty’s Treasury (HMT) in the UK and the US Treasury Department published the first ten recommendations of the Transatlantic Taskforce for Markets of the Future (TTMF). These recommendations signal a commitment to closer regulatory cooperation across digital assets and capital markets between the two jurisdictions, without introducing new legal obligations but indicating future policy directions. The focus areas include tokenized assets, stablecoins, and prudential treatment of crypto assets.
The TTMF identifies digital assets as a strategic area for greater regulatory alignment between the UK and US to support innovation, reduce cross-border market fragmentation, and accelerate the adoption of tokenization for consumer benefit. Involved parties are HMT, the US Treasury Department, and relevant regulators from both countries.