🚀 UK Treasury Selects HSBC Blockchain Platform for Digital Bond Pilot
#UKTreasury #HSBC #Blockchain #DigitalBond #DIGIT #Orion #DebtCapitalMarkets #FinancialConductAuthority #GreenBond #BlockchainTechnology #RegulatedTesting
According to Odaily, the UK Treasury has selected HSBC Holdings' blockchain platform Orion to pilot the issuance of the country's digital bond instrument, DIGIT. HSBC stated that issuing bonds on a blockchain can improve the structure of the UK's debt capital markets by accelerating settlement speeds. The UK Treasury plans to issue these digital instruments within a regulated testing environment managed by the Financial Conduct Authority. HSBC’s Orion platform has been used for the issuance of over US$3.5 billion in digitally native bonds globally, including the European Investment Bank’s first digital sterling bond in 2023 and the multicurrency US$1.3 billion equivalent green bond issued by the Hong Kong government last year.#UKTreasury #HSBC #Blockchain #DigitalBond #DIGIT #Orion #DebtCapitalMarkets #FinancialConductAuthority #GreenBond #BlockchainTechnology #RegulatedTesting