Treasury names six banks to lead DIGIT, the UK’s first digitally native gilt

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HM Treasury has officially appointed a syndicate of six major financial institutions to lead investor engagement for DIGIT, marking the UK's first digitally native government bond (gilt). The project aims to modernize the nation's sovereign debt issuance by leveraging distributed ledger technology (DLT). A pilot launch for the digital bond is scheduled to take place by the first quarter of 2027.