New Delhi, July 15 -- WASHINGTON - Any financial institution moving a tokenized bond from New York to London this morning does so without a shared regulatory rulebook on either end. On Monday, the United States Treasury and the United Kingdom's HM Treasury issued a joint 10-point roadmap committing both governments to change that, CoinDesk reported, unveiling a bilateral framework for tokenized securities, stablecoins, and digital money spanning the world's two largest capital markets.

Treasury Secretary Scott Bessent co-signed the framework alongside officials at HM Treasury, committing both governments to an industry-led working group on cross-border tokenization, coordinated regulation of tokenized securities under the SEC, CFTC, Fina...