But, of course, we can’t talk about tokenisation without also talking about cryptoassets.

After all, it was through cryptoassets that the potential for widespread application of blockchain technology was proven.

And it is clear that cryptoassets are here to stay. The number of people that own crypto is rising year-on-year, in the UK and globally. And of course, in the last couple of weeks developments in the US have led to a big surge in cryptoasset markets.

But it is important that we don’t see traditional financial services and cryptoassets as two wholly separate islands with no means of crossing between.

If we are truly going to get this right in the UK, we must recognise that is not simply a case of financial firms lifting the technology developed through crypto and applying it to their own purposes.

Rather, we should understand that traditional finance and cryptoassets have the potential to play an integrated role in each other’s future, to their mutual advantage.