On July 14, 2026, the U.S. Department of the Treasury and HM Treasury jointly released the recommendations of the Transatlantic Taskforce for Markets of the Future, marking a significant milestone in U.S.-UK financial cooperation.

The recommendations are designed to strengthen the world's two largest financial centers by encouraging greater cross-border investment, modernizing regulatory cooperation, and providing clearer pathways for emerging financial technologies—including tokenized assets and stablecoins.

What Is the Transatlantic Taskforce?

The Taskforce was established in September 2025 by:

• U.S. Treasury Secretary Scott Bessent

• UK Chancellor of the Exchequer Rachel Reeves

The initiative was created to enhance collaboration between the United States and the United Kingdom on the future of financial markets, with participation from both countries' financial regulators and government agencies.

Industry participants from both jurisdictions were consulted throughout the process to ensure the recommendations address practical market challenges rather than purely theoretical policy objectives.

Key Recommendations

1. Expand Cross-Border Capital Raising

One of the Taskforce's central goals is making it easier for businesses and investors to access capital across both jurisdictions.

The recommendations seek to:

• Reduce unnecessary regulatory friction

• Improve access to U.S. and UK capital markets

• Support companies seeking international investment

• Encourage greater participation from institutional and private investors

For startups, fintech companies, and growth-stage businesses, this could ultimately simplify raising capital internationally.

2. Modernize Regulatory Cooperation

Rather than creating entirely new regulatory regimes, the Taskforce emphasizes closer cooperation between regulators.

This includes improving:

• Supervisory coordination

• Information sharing

• Regulatory dialogue

• Cross-border oversight of financial institutions

Greater coordination may reduce duplicative compliance requirements while improving regulatory certainty for firms operating in both markets.

3. Provide Greater Clarity for Tokenized Financial Activity

Perhaps the most notable recommendation for the digital asset industry is the commitment to provide greater clarity surrounding tokenized financial assets.

Although the recommendations stop short of creating new rules, they recognize the growing importance of:

• Tokenized securities

• Digital financial infrastructure

• Blockchain-based settlement systems

• Distributed ledger technology (DLT)

The initiative reflects increasing government recognition that tokenization is becoming part of mainstream financial markets rather than remaining limited to crypto-native ecosystems.

4. Continue Industry Engagement

Recognizing that technology evolves rapidly, the Taskforce recommends maintaining ongoing engagement with market participants.

This approach allows policymakers to:

• Receive industry feedback

• Monitor technological developments

• Adapt regulatory approaches as markets mature

• Encourage responsible innovation

Rather than a one-time policy exercise, the recommendations envision an ongoing public-private dialogue.

A Joint Stablecoin Statement

Alongside the recommendations, the United States and the United Kingdom released a joint statement on stablecoins.

The statement supports:

• Cross-border stablecoin activity

• Private-sector innovation in digital payments

• International interoperability

• Continued cooperation on payment infrastructure

While it does not establish binding regulations, the statement signals that both governments see stablecoins as an increasingly important component of future financial systems.

Why This Matters

The recommendations arrive as both countries continue developing regulatory frameworks for digital assets, tokenization, and modern financial infrastructure.

For businesses operating internationally, greater regulatory coordination could eventually mean:

• More efficient cross-border fundraising

• Improved legal certainty

• Easier expansion into international markets

• Increased institutional participation in tokenized finance

• Better alignment between U.S. and UK regulatory expectations

Although these recommendations are not legally binding, they establish a strategic roadmap that may influence future legislation, regulatory guidance, and supervisory practices on both sides of the Atlantic.

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This blog post is for informational purposes only and is not legal advice. Please consult with a Launch Legal attorney regarding your specific situation.