UK plans to issue first G7 digital sovereign bond before early 2027
2026-07-15 08:18
Odaily Planet Daily News: The UK plans to issue its first digital sovereign bond before early 2027, becoming the first G7 country to issue government debt on a distributed ledger.
The bond will be listed on HSBC's Orion platform and included in the digital securities sandbox of the Bank of England (BoE) and the UK Financial Conduct Authority (FCA) to test shortening settlement times and reducing costs.
BoE Governor Andrew Bailey stated that the BoE plans to make the bond eligible as collateral for market operations, allowing banks to use the bond in central bank financing transactions.
The bond will be listed on HSBC's Orion platform and included in the digital securities sandbox of the Bank of England (BoE) and the UK Financial Conduct Authority (FCA) to test shortening settlement times and reducing costs.
BoE Governor Andrew Bailey stated that the BoE plans to make the bond eligible as collateral for market operations, allowing banks to use the bond in central bank financing transactions.
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