Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate his Department has made of the total cost of creating the Royal Mint non-fungible token; and if he will provide a breakdown of that cost by spending on (a) staff time and resource, (b) development, (c) marketing and (d) other relevant costs.

The Chancellor has asked the Royal Mint to produce a non-fungible token (NFT) as an emblem of the UK’s forward-looking approach to crypto-technologies.

The Royal Mint staff involved in the development of the NFT are also involved in a number of other commercial activities. Work on the NFT is at an exploratory phase and costs are not separately identifiable.