The Alternative Investment Management Association (AIMA) announced it’s a cosignatory of a joint letter from a coalition of UK and US digital, finance and technology trade associations addressed to the UK Secretary of State for Business and Trade.
The letter urges that distributed ledger technology (DLT), including tokenization and stablecoins, be made a central part of the UK-US Tech Bridge initiative.
The letter highlights the opportunity for both nations to set global standards, foster interoperability and strengthen transatlantic financial markets through DLT. It also warns that excluding digital assets would risk ceding leadership in the space to other regions, while joint UK-US action could secure global influence in the digital economy.
This could also support the UK’s competitiveness and growth agenda by encouraging greater trading activity.
AIMA also recently published a new paper on tokenizing alternatives. The paper features technical insights on how tokenization has the potential to significantly enhance liquidity, broaden accessibility and streamline operational processes.