The UK Treasury Department selects HSBC blockchain platform for pilot issuance of digital government bonds

SmartContractAuditor · 2026-02-12T00:51:48+00:00

The UK Treasury has selected HSBC's blockchain platform Orion to pilot the issuance of digital government bonds DIGIT. HSBC stated that blockchain can accelerate settlement and improve efficiency in the debt market. This project will be conducted in a regulated testing environment, and the Orion platform has successfully issued over $3.5 billion in digital bonds.

SmartContractAuditor

2026-02-12 00:51:48

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Odaily Planet Daily reports that the UK Treasury has selected HSBC Holdings Plc’s blockchain platform Orion for a pilot issuance of the country’s digital sovereign bond instrument DIGIT. HSBC stated that issuing bonds on the blockchain can improve the structure of the UK debt capital market by accelerating settlement speeds. The UK Treasury plans to issue these digital instruments within a regulated testing environment managed by the Financial Conduct Authority. Previously, HSBC’s Orion platform has been used globally to issue over $3.5 billion in digital native bonds, including the European Investment Bank’s first digital pound bond and $1.3 billion equivalent green bonds issued by the Hong Kong government. (Bloomberg)

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