Deal

HM Treasury – Digital Gilt Instrument (DIGIT) pilot

Digitally native gilt issued within the Digital Securities Sandbox

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Regulatory route Digital Securities Sandbox

Asset class: Debt
Type: Deal
Detail: Short-dated sovereign bond
Asset jurisdiction: UK
Issuer jurisdiction: UK
Sponsor or issuer: HM Treasury / DMO
Platform: HSBC Orion (digital securities depository)
Custody: HSBC Orion
Ledger: Permissioned (HSBC Orion)
Investors: Institutional
Secondary trading: LSE main market listing expected
Property law basis: UK
Status: Announced

Timeline

12 Feb 2026Platform provider appointed
13 Jul 2026HSBC DSS Gate 2 approval
by 2027-Q1First transaction expected

Sources

Entry last reviewed 24 Sep 2026.

Other trackers

Regulatory TrackerWhat the FCA, HM Treasury and the Bank of England have just published.Compliance CalendarDeadlines and application windows coming up.Tokenised Assets TrackerTokenised funds, debt and real estate, by structure and regulatory route.