According to CoinMeta, British regulatory authorities are promoting the development of digital finance, planning to enhance the efficiency of trading, settlement, and custody of financial assets through blockchain and tokenization technologies. The Financial Conduct Authority (FCA) hopes that financial companies can utilize blockchain technology to improve the speed and security of transactions in the financial market. In addition, the UK is also preparing a framework for tokenizing gold to drive the digitization of the financial market. London's over-the-counter market has historically been the center of global gold trading, accounting for 70% of the world's notional trading volume. However, London's dominant position is being challenged by China.