PANews reported on October 9th that Bloomberg News reported that the UK Treasury will establish a "Digital Markets Champion" to coordinate the digitization (tokenization) of wholesale financial market asset issuance, trading, and settlement based on blockchain. Lucy Rigby, the Treasury's Economic Secretary, announced that a "Dematerialization Market Action Taskforce" will be established to oversee the transition from paper-based equity certificates to electronic ones. The government has also released the "Wholesale Financial Markets Digital Strategy" to promote the adoption of blockchain and artificial intelligence, and has launched a "Digital Gilt" (DIGIT) tender, inviting technology providers to participate in the issuance of UK government bonds on a blockchain.