The UK government has selected HSBC’s blockchain platform for the Digital Gilt Instrument (DIGIT) pilot issuance.
A press release said blockchain will significantly accelerate transaction settlement times with a more efficient means to issue and trade bonds.
Patrick George, global head of Markets & Securities Services, HSBC, said: “After a competitive selection process, we are very pleased that HM Treasury has chosen our market-leading digital assets platform, HSBC Orion, which already has a proven track record of delivering successful and liquid market outcomes in other jurisdictions.”
