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Deep & Emerging Tech·August 10, 2026·1 min read

Without global interoperability, digital IDs can't deliver on their promise

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Digital IDs tied to national borders but used in global workflows force users to spray sensitive documents into foreign databases. If you’re designing identity flows, assume fragmentation and build for least-privilege data sharing and local storage, not a single global ID rail that doesn’t exist yet.

Deep & Emerging Tech

Sources: the UK FCA is consulting industry participants, including major banks, on a regulatory framework for tokenized gold; London dominates the global market

If the FCA formalizes a framework for tokenized gold per [Financial Times](https://www.ft.com/content/9973f186-5834-4b66-8faa-e8b2e8711466?accessToken=zwAAAZ_qjqQckdOZc_GGWDRLZtOPquiy6HEUZg.MEYCIQDwmg9V4UZwu6yDpFP8fxfhL3h4ESJwf2xz9uaKw6GANAIhAKCnRoLPvYihvBir4KWtgksB-c3kt2c9NSnIxXyc8onw&sharetype=gift&token=b1881756-1e32-4488-8419-793f9e071777&syn-25a6b1a6=1), London could become the reference jurisdiction for real-world asset tokenization. If you’re building infra or products around RWAs, align your compliance and custody assumptions with where the bullion market actually clears, not just where crypto regulation is friendliest.