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Regulation Bullish

UK appoints six banks to lead first digital gilt pilot issuance

The UK Treasury has appointed six banks as joint lead managers for its first digital gilt pilot, known as DIGIT.

  • Barclays, HSBC, Lloyds, Morgan Stanley, NatWest and RBC Capital Markets are joint lead managers for the DIGIT digital gilt pilot.
  • The UK government targets DIGIT issuance by the end of Q1 2027.
  • The DIGIT pilot runs in the UK's Digital Securities Sandbox, separate from standard gilt operations.
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