UK to issue first digital-native gilt 'DIGIT' in Q1 2027
- —Joint lead managers: Barclays, HSBC, Lloyds, Morgan Stanley, NatWest and RBC Capital Markets
- —Issuance will run on HSBC's Orion platform inside the Digital Securities Sandbox
- —DIGIT is a short-term instrument separate from the government's regular debt programme
- —Aim is to list on LSEG's main market as its first digital asset
Why it matters: The UK is moving from experimentation to actual issuance of tokenised sovereign debt, setting a benchmark for the RWA market.
Source: CoinPost