Lloyds Survey: 71% of UK Financial Institutions Expect Tokenisation to Reshape Finance
Faster payments and settlement top the list of expected benefits in the bank's annual poll of 100 senior decision-makers. Lloyds has already tested tokenised assets on Canton.
Seventy-one percent of senior decision-makers at UK financial institutions expect tokenisation to reshape financial services, according to Lloyds Banking Group's annual survey, reported by Cointelegraph on 2 October 2026. Lloyds polled 100 decision-makers at major UK banks, insurers, asset managers and financial sponsors.
What respondents expect
- Faster payments and settlement was named the biggest benefit, by 60% of respondents.
- Collateral and liquidity management came second, at 41%.
Lloyds says that moving assets and payments onto digital infrastructure could free up capital and liquidity that is currently tied up in transactions. Rob Hale, co-head of global markets at Lloyds, said the next phase is about "turning those individual use cases into infrastructure that works at scale".
The UK backdrop
Cointelegraph places the survey in a busy year for UK policy on tokenised finance. In May the Bank of England proposed extending its core settlement infrastructure towards near round-the-clock availability. In July, a government-backed industry task force estimated that leadership in tokenised finance could add up to £33 billion a year to UK economic output by 2035, and called for a first tokenised UK government bond by early 2027. Also in July, the US and UK treasuries recommended a private-sector group to test cross-border uses of tokenised assets.
Lloyds and Canton
The survey itself does not mention Canton, but Lloyds has used the network before. Earlier this year, according to Cointelegraph, Lloyds worked with Archax and the Canton Network on what it described as the UK's first public blockchain transaction using tokenised deposits to buy a tokenised UK government bond.
On 30 September, Visa and Lloyds announced a seven-day live pilot that settled US$750,000 of dollar settlement obligations in USDC, which Lloyds bought through Archax. Lloyds ran its own node on Canton for the pilot.
Why it matters
A bank's own client survey is not independent research, but it shows where demand for tokenised settlement is coming from: the institutions that would use it. That the top expected benefits are settlement speed and collateral management matches what Lloyds has tested on Canton so far. Neither the survey nor Lloyds announced new Canton plans.
See the stablecoins and tokenized assets listed on Canton on CantonCap.
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