**A G7 government is putting its own debt on the blockchain.**
The UK has named six banks — Barclays, HSBC, Lloyds, Morgan Stanley, NatWest and RBC — as lead managers for its first digitally native government bond, the Digital Gilt Instrument (DIGIT). The pilot sits inside the UK's Digital Securities Sandbox and targets issuance in Q1 2027, with settlement happening onchain.
The sharp part: this is not a crypto startup. It is a treasury. Sovereign debt — the most conservative asset class on the planet — is about to be issued, traded and settled on a distributed ledger. HSBC is building the rails, and the London Stock Exchange is already wiring up a digital depository link.
Tokenization just graduated from experiments to government borrowing. How long before other G7 treasuries follow?
#Tokenization #CryptoNews #RWA
The UK has named six banks — Barclays, HSBC, Lloyds, Morgan Stanley, NatWest and RBC — as lead managers for its first digitally native government bond, the Digital Gilt Instrument (DIGIT). The pilot sits inside the UK's Digital Securities Sandbox and targets issuance in Q1 2027, with settlement happening onchain.
The sharp part: this is not a crypto startup. It is a treasury. Sovereign debt — the most conservative asset class on the planet — is about to be issued, traded and settled on a distributed ledger. HSBC is building the rails, and the London Stock Exchange is already wiring up a digital depository link.
Tokenization just graduated from experiments to government borrowing. How long before other G7 treasuries follow?
#Tokenization #CryptoNews #RWA
