The report was published by Christopher Woolard, the government’s representative on wholesale digital markets. Tokenization could increase Britain’s annual economic output by up to £33 billion ($44.1 billion). Annual tax revenues could also reach up to £14 billion ($18.7 billion). However, Woolard notes that this scenario is only possible if the necessary infrastructure is built quickly. He also calls for priority to be given to a pilot issuance of digital government bonds (DIGIT) by the first quarter of 2027. In addition, Britain needs to expand the use of tokenized collateral and create payment infrastructure for tokenized assets and stablecoins. However, for deep adoption of these technologies, the UK needs to establish clear legal and tax standards.