UK Treasury appoints six banks as joint leads for digital gilt pilot

The UK Treasury has appointed six banks, including Barclays, Morgan Stanley, and HSBC Holdings, to act as joint lead managers for the country’s pilot issuance of digital government bonds. The move is aimed at modernizing the operation of the UK capital markets, according to a Techub News brief citing Bloomberg Crypto. The report did not disclose the names of the other three banks or provide additional details on the structure, timing, or size of the pilot. The appointment marks a formal step in the Treasury’s plan to test a digital gilt issuance framework, with major financial institutions brought in to support the process. No further information was provided in the source material beyond the banks’ role and the stated modernization goal.