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UK's Sunak asks Royal Mint to create an NFT, to be issued by summer

Published 04/04/2022, 15:02
Updated 04/04/2022, 15:07
© Reuters. FILE PHOTO: British Chancellor of the Exchequer Rishi Sunak leaves Downing Street on the day of the Spring Statement, in London, Britain, March 23, 2022. REUTERS/Peter Cziborra
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© Reuters. FILE PHOTO: British Chancellor of the Exchequer Rishi Sunak leaves Downing Street on the day of the Spring Statement, in London, Britain, March 23, 2022. REUTERS/Peter Cziborra

LONDON (Reuters) - British finance minister Rishi Sunak has asked Royal Mint to create a non-fungible token which is to be issued by the summer, the Treasury said on Monday, adding it was part of its forward-looking approach towards cryptoassets.

An NFT is a digital asset that exists on a blockchain, a record of transactions kept on networked computers.

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