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BTCC / BTCC Square / Global Cryptocurrency /
HSBC To Pilot UK Digital Bonds Using Blockchain Technology

HSBC To Pilot UK Digital Bonds Using Blockchain Technology

Author:
Global Cryptocurrency
Published:
2026-02-13 12:55:01
6
1
BTCCSquare news:

The UK government has selected HSBC's blockchain platform, Orion, to conduct a pilot program for issuing digital government bonds, dubbed Digital Gilt Instrument (DIGIT). This initiative marks a significant step in evaluating blockchain's potential to enhance efficiency in sovereign debt markets.

Legal support for the pilot will be provided by Ashurst LLP, highlighting the regulatory complexities involved in tokenized bond issuance. The program will issue short-dated digital gilts within a sandbox environment overseen by UK financial regulators, allowing testing of on-chain settlement processes without disrupting the existing debt system.

HSBC's Orion platform, which has previously facilitated tokenized bond projects internationally, was chosen for its scalability. The government aims to identify operational efficiencies, cost savings, and legal clarifications through this experimental issuance.

"Today we've taken an important step towards issuing's 1st Digital Gilt Instrument," stated Lucy Rigby KC MP, UK Economic Secretary to the Treasury. The DIGIT program promises faster transactions, reduced costs for firms, and enhanced financial system security.

|Square

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