October 6th 2026, 7:19 PM
UK Pioneers Digitally Native Bond Initiative
Key Summary
The UK government has named six major banks to lead the issuance of its first digitally native government bond, known as the Digital Gilt Instrument (DIGIT), with a pilot expected by the first quarter of 2027. The pilot will test distributed ledger technology and onchain settlement for UK sovereign debt, marking an important step towards issuing the digital gilt early next year.
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UK Names 6 Banks for Digitally Native Government Bond Pilot
The UK government has announced plans to launch a digitally native government bond through its DIGIT pilot project. The initiative aims to test distributed ledger technology and onchain settlement for UK sovereign debt.Key Details of the Pilot
The pilot will involve six banks, which will work together to develop and implement the technology for the bond issuance.
Timeline
The issuance of the digitally native government bond is expected by the first quarter of 2027.
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