Lloyds survey finds 71% of UK finance leaders expect tokenization to reshape financial services
Lloyds' annual survey of 100 senior UK finance decision-makers found 71% expect tokenization to reshape financial services, and 60% cited faster payments and settlement as the top benefit.
Why it matters
The findings come from a bank that is piloting tokenized assets rather than from an independent research body, and they record institutional intent rather than deployed volume; no trading volumes, launch dates or regulatory decisions were announced. Crypto.News reported that US and UK officials have recommended joint testing of cross-border tokenized assets, which sits behind the interoperability and common standards Hale described.
Where the sources disagree
Which edition of the survey this was
major UK banks, insurers, asset managers and financial sponsors
Cointelegraph
major UK banks, insurers, financial sponsors, and asset and wealth managers
Crypto.News
Crypto.News calls it Lloyds' tenth annual Financial Institutions Sentiment Survey and dates the release to Oct. 2, while Cointelegraph says only that it is an annual survey and gives no edition number.
Key facts
71% of the 100 senior decision-makers polled by Lloyds expect tokenization to reshape financial services.
71 %Reported by Cointelegraph
The survey questioned 100 senior decision-makers at major UK banks, insurers, financial sponsors and asset managers.
100 respondentsReported by Cointelegraph
60% of respondents named faster payments and settlement as tokenization's biggest potential benefit.
60 %Reported by Cointelegraph
41% of respondents pointed to improved collateral and liquidity management.
41 %Reported by Cointelegraph
Lloyds said digital infrastructure could reduce the time and resources needed to transfer money and assets and release capital held up while transactions complete.
Reported by Cointelegraph
Rob Hale, co-head of global markets at Lloyds, said the next phase is about turning individual use cases into infrastructure that works at scale, with interoperability and common standards connecting digital and traditional markets.
Reported by Cointelegraph
Lloyds worked with Archax and Canton Network earlier this year on a tokenization test that the bank called the UK's first, though the report does not state first of what.
Reported by Cointelegraph
Crypto.News reported that US and UK officials have recommended joint testing of cross-border tokenized financial assets.
Reported by Crypto.News
What happened
Lloyds Banking Group's annual survey polled 100 senior decision-makers at major UK banks, insurers, financial sponsors and asset managers, and 71% of them expect tokenization to reshape financial services. Crypto.News described the poll as Lloyds' tenth annual Financial Institutions Sentiment Survey, released on Oct. 2, while Cointelegraph described it as an annual survey by the UK's largest financial services provider without giving an edition number. 60% of respondents named faster payments and settlement as the biggest potential benefit and 41% cited better collateral and liquidity management; Lloyds said digital infrastructure could cut the time and resources needed to transfer money and assets and release capital held up while transactions complete. Rob Hale, co-head of global markets at Lloyds, said the next phase is about turning individual use cases into infrastructure that works at scale, with the interoperability and common standards needed to connect digital and traditional markets. Cointelegraph reported that Lloyds tested the technology earlier this year with Archax and Canton Network and called the outcome the UK's first, without saying first of what. Crypto.News separately reported that UK banks have tested tokenized deposits for mortgage payments and simulated marketplace purchases, and that US and UK officials have recommended joint testing of cross-border tokenized financial assets.
How the story developed
- Official statement
Lloyds Banking Group released its annual Financial Institutions Sentiment Survey
Crypto.News dates the release to Oct. 2 and calls it the tenth annual edition; the poll covered 100 senior decision-makers and found 71% expect tokenization to reshape financial services.
- First report
First report by Cointelegraph
71% of UK finance leaders expect tokenization to reshape financial services: Lloyds
- Update
Cointelegraph reported the Lloyds survey findings
First of the two reports in evidence, citing 71%, 60% and 41% and quoting Rob Hale.
- Independent corroboration
Independently corroborated by Crypto.News
UK banks eye faster settlement as 71% expect tokenization to reshape finance
- Update
Crypto.News reported the same figures and added pilot details
Second report in evidence; matched the 71%, 60% and 41% figures and added the mortgage and marketplace tests and the US-UK recommendation on joint testing.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 2 Oct 2026, 16:20 UTC: Cointelegraph — 1 independent source, 1 reports
- 2 Oct 2026, 20:50 UTC: Crypto.News — 2 independent sources, 2 reports
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Cointelegraph Crypto media | 71% of UK finance leaders expect tokenization to reshape financial services: Lloyds | Original | |
| Crypto.News Crypto media | UK banks eye faster settlement as 71% expect tokenization to reshape finance | Independent |
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