London’s new Lord Mayor, who will take the reins on Saturday, is looking to turn the City into a hub for trading the exotic asset classes of the future.

Michael Mainelli, who will be installed as 695th Lord Mayor, is hoping the nascent push will lure business travelers and help revive footfall in the City. To start, he says, the City could look to develop the markets for bonds guaranteeing the removal of millions of bits of space debris or trading the hydrogen that will power economies in the future.