Regulation
Bullish
UK appoints six banks to lead first digital gilt pilot issuance
Image: Crypto.newsThe UK Treasury has appointed six banks as joint lead managers for its first digital gilt pilot, known as DIGIT. The pilot operates within the UK's Digital Securities Sandbox, with HSBC's Orion platform set to host the bond. The government targets issuance by the end of Q1 2027, and plans to list DIGIT on the London Stock Exchange Group's main market. Secondary legislation to support sandbox digital issuances is scheduled for introduction in the coming months.
Key points
- 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.
- HSBC's Orion platform will host the DIGIT bond, with planned connections to LSEG infrastructure.
Why it matters
The pilot tests regulated blockchain-based sovereign bond issuance in a sandbox environment. It aims to advance digital securities market infrastructure.
Sources · 4 publishers
The Defiant
Tier 1
UK Names Six Banks to Lead First Digital Gilt Pilot
Cointelegraph
Tier 1
UK names 6 banks to lead first digitally native government bond
Crypto.news
Tier 2
UK names six banks to lead first digital gilt issuance in early 2027
Coverage timeline
- First reported by Crypto Briefing
- Confirmed by The Defiant
- CryptoVideos brief published
How this brief was made. Our system found this event in 4 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
