The UK government has officially appointed HSBC to lead its pilot program for tokenized government bonds, also known as digital gilts. This initiative, overseen by HM Treasury, is designed to explore the integration of distributed ledger technology (DLT) into the sovereign debt market. The project aims to enhance efficiency, reduce settlement times, and lower administrative costs by digitizing the issuance and lifecycle management of bonds. This strategic move underscores the UK’s commitment to modernizing its financial infrastructure and solidifying its position as a global hub for financial technology and digital assets. HSBC will play a pivotal role in developing the technical framework required to issue and trade these digital instruments within a regulated environment.
Source: UK government appoints HSBC for tokenized bond pilot
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