HSBC Receives Bank of England Approval to Enter Digital Securities Sandbox, HSBC Orion Facilitates Over $5 Billion in Digital Bond Issuance
2026-07-17 14:03
Odaily Planet Daily News: HSBC has received approval from the Bank of England to operate within the UK's Digital Securities Sandbox (DSS). Its digital asset platform, HSBC Orion, will support the issuance, servicing, and settlement of digital securities.
HSBC stated that HSBC Orion will operate as a digital securities depository within the DSS, and claims to be the first company approved by the Bank of England to go live in the sandbox. The platform will support native digital bond issuance, including the UK's planned digital sovereign bond, the Digital Gilt Instrument (DIGIT), as well as corporate bonds.
HSBC noted that HSBC Orion has facilitated over $5 billion in digital bond issuance globally. The UK Treasury stated that the first DIGIT transaction is expected to take place in the first quarter of 2027. HSBC has signed a Memorandum of Understanding with the London Stock Exchange Group (LSEG) to develop connectivity capabilities that support investor participation in the pilot issuance.
HSBC stated that HSBC Orion will operate as a digital securities depository within the DSS, and claims to be the first company approved by the Bank of England to go live in the sandbox. The platform will support native digital bond issuance, including the UK's planned digital sovereign bond, the Digital Gilt Instrument (DIGIT), as well as corporate bonds.
HSBC noted that HSBC Orion has facilitated over $5 billion in digital bond issuance globally. The UK Treasury stated that the first DIGIT transaction is expected to take place in the first quarter of 2027. HSBC has signed a Memorandum of Understanding with the London Stock Exchange Group (LSEG) to develop connectivity capabilities that support investor participation in the pilot issuance.
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