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Written question asked by Emily Thornberry (Labour) on Monday, 31 October 2022, in the House of Commons. It was due for an answer on Thursday, 3 November 2022 (named day). It was answered by Andrew Griffith (Conservative) on Thursday, 3 November 2022 on behalf of the Treasury.


Royal Mint: Non-fungible Tokens

Question

To ask the Chancellor of the Exchequer, what quantity of Non Fungible Tokens for Britain designed by the Royal Mint his Department plans to purchase; and how much funding from the public money has been allocated for financial years (a) 2022-23 and (b) 2023-24 to pay for those purchases.

Answer

The Government announced in April 2022 that the Royal Mint intended to create and issue a non-fungible token. The Royal Mint operates as a commercial business, and a non-fungible token would be a collectable digital artwork marketed to consumers as an extension of its existing collectables range. No public funding has been allocated to purchase this product. An update on this work will be provided in due course.


Secondary information

Type
Written question
Reference
74594
Session
2022-23
Subjects
Procurement Treasury Royal Mint Non-fungible tokens
Contains statistics
Yes
Link
View this Written question on www.parliament.uk