The UK is planning to launch its first digital sovereign bond, called DIGIT, in early 2027, according to CoinDesk. If completed as outlined, the move could make Britain the first G7 country to issue government debt on distributed ledger infrastructure. The bond is set to be denominated in pound sterling and issued through HSBC’s Orion platform. It will operate within the digital securities sandbox run by the Bank of England and the Financial Conduct Authority. Bank of England Governor Andrew Bailey said the central bank will work to make the bond eligible as collateral in future market operations. The UK Treasury has not yet disclosed key terms, including the size of the issuance, tenor, coupon, investor access requirements, or the settlement asset.
The UK plans to launch its first digital sovereign bond, DIGIT, in early 2027, according to CoinDesk. The issuance could make Britain the first G7 country to sell government debt on distributed ledger infrastructure.
The bond will be denominated in pound sterling and issued through HSBC’s Orion platform. It will run inside the digital securities sandbox operated by the Bank of England and the Financial Conduct Authority.
Bank of England Governor Andrew Bailey said the central bank will seek to make the bond eligible as collateral for future market operations.
The UK Treasury has not disclosed the size of the issuance, tenor, coupon, investor eligibility requirements, or the settlement asset.
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