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.