UK Names Six Banks To Lead First Digital Bond
The UK has selected six major financial institutions to lead its first digitally native government bond issuance.
The United Kingdom has selected Barclays, HSBC, Lloyds, Morgan Stanley, NatWest, and RBC to lead its inaugural digitally native government bond issuance, according to Cointelegraph.
Pilot Program and Timeline
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The initiative, known as the DIGIT pilot, is designed to test distributed ledger technology and onchain settlement for UK sovereign debt. Issuance for the pilot is expected to take place by the first quarter of 2027.
Key Facts
- Six banks appointed: Barclays, HSBC, Lloyds, Morgan Stanley, NatWest, and RBC.
- Project name: DIGIT pilot.
- Technology focus: Distributed ledger technology and onchain settlement for sovereign debt.
- Expected issuance: First quarter of 2027.
Source: cointelegraph.com
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