Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will publish his Department's rationale for instigating the development of a Royal Mint non-fungible token.

The Royal Mint is not proceeding with the launch of an NFT at this time but will keep this proposal under review.

The Royal Mint operates as a commercial business and any cost associated with developing the project was met entirely out of the Royal Mint’s own revenues. No taxpayer money has been directly used to fund the project.