# Hedera Appears on UK Wholesale Digital Markets Champion Industry Taskforce Roster

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/34042
Published: 2026-10-17T13:59:53.000Z
Updated: 2026-10-17T13:59:53.000Z
Section: Business

> BlackRock and NatWest are set to lead a fully on-chain repo use case targeted for April 2027.

Hedera is listed among members of the UK Wholesale Digital Markets Champion Industry Taskforce, where BlackRock and NatWest are set to lead a fully on-chain repo use case targeted for April 2027. Hedera’s decentralized finance total value locked stood at $33.2 million on Oct. 17, 2026.

The taskforce coordinates industry work on tokenizing wholesale financial markets. Its priority use cases include repo, fixed income and uncleared over-the-counter derivatives. A repo transaction is the first end-to-end use case, with a live trial aimed for spring 2027 and April 2027 set as the delivery target.

The broader program is divided among nine action groups. Their work includes primary issuance and funds, secondary markets, collateral, settlement infrastructure, and cross-cutting legal and resilience issues.

“Tokenised markets are also a network game. Our place in that game is not guaranteed,” said Christopher Woolard CBE, the UK’s Wholesale Digital Markets Champion. The UK government appointed Woolard in April 2026 to coordinate industry work on tokenizing wholesale financial markets.

The $33.2 million figure measures the value held in Hedera’s decentralized finance applications. Total value locked, or TVL, is a snapshot of assets held in a network’s DeFi applications.