The U.S. Department of the Treasury and HM Treasury's new Transatlantic Taskforce for Markets of the Future (TTMF) report lays out 10 recommendations for aligning US-UK policy on tokenized assets, stablecoins, and cross-border capital markets.
What’s In It
The report itself doesn’t mention FATF, AML/CTF, or the travel rule. Its focus is market structure: tokenized asset pilots (Rec 1), stablecoin alignment (Rec 3–4), and crypto-asset prudential treatment (Rec 5).
What This Means for Compliance Teams
Faster US-UK convergence on stablecoins and tokenized deposits means more cross-border VASP-to-VASP transfers, exactly the instruments travel rule counterparty-data rules apply to. Policy alignment like this tends to precede rule-making, not follow it. Teams waiting for an explicit mandate risk building travel rule infrastructure under deadline pressure instead of on their own timeline.
The Solution: TRISA Envoy
Rather than waiting for the next rule-making cycle, VASPs operating in US-UK corridors should get counterparty verification and secure data exchange in place now. TRISA’s open source network already solves this, and Envoy – TRISA’s protocol agnostic messaging solution – gives compliance teams a ready-to-use interface, self-hosted or managed.