UK Treasury Asks Government Coin Issuer To Mint NFT

Chancellor Rishi Sunak has asked government-owned coin issuer the Royal Mint to create the digital asset

article-image

Chancellor Rishi Sunak | Source: Pippa Fowles/"Rishi Sunak" (CC license)

share

key takeaways

  • The UK doubled down on its crypto plans Monday with the announcement that an NFT may be minted by this summer
  • The country’s finance ministry said it is prioritizing stablecoin regulation in a Monday report

In another effort to become a leader in digital asset technology, the United Kingdom’s Treasury has asked the Royal Mint, the agency responsible for creating British currency, to mint an NFT.

Chancellor Rishi Sunak has asked the government-owned coin issuer to create an NFT (non-fungible token) by this summer, according to a tweet from the Treasury account Monday.

​​Economic Secretary to the Treasury John Glen addressed the news during his keynote speech at the Innovate Finance Global Summit on Monday.

“I am announcing today that the Chancellor has asked the Royal Mint to create a non-fungible token, an NFT…to be issued by the summer, an emblem of the forward-looking approach we are determined to take…and there will be more details available very soon,” Glen said.

The move comes as the UK’s finance ministry announced its plans to prioritize stablecoin regulation in a report released Monday. The ministry said it will be releasing further regulatory guidelines this year in an effort to protect consumers.

“We want this country to be a global hub — the very best place in the world to start and scale crypto companies,” Glen said. “If there is one message I want you to leave here today with, it is that the UK is open for business, open for crypto businesses.”

Sunak, who was unable to attend the summit, has not yet provided any additional information about the NFT.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates.png

Research

Content Delivery Networks (CDNs) represent low-hanging fruit in a massive market ripe for Web3-driven disruption. The global CDN market was valued at ~$28B in 2024, and is projected to surpass $140B by 2034, (18.75% CAGR) underscoring the immense demand for efficient content delivery.

article-image

Sponsored

Injective is not waiting for the future of finance. It is bringing it directly to us, today.

article-image

Bitcoin has been bullish for nearly 1,000 days

article-image

Robinhood announced that it’s building an L2 and also plans to launch staking for US users

article-image

“We’re not really doing anything controversial,” said co-founder Zak Folkman at Permissionless last week

article-image

Why equities are more stable than in past decades, plus advice from Peter Lynch

article-image

As Permissionless speakers talk on-chain RWA potential, tokenized stock platform Dinari secures FINRA broker-dealer approval