The UK plans to issue its first digital sovereign bond in early 2027, which could make it the first G7 country to issue government bonds on a distributed ledger

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BlockBeats message, July 15, according to CoinDesk, the UK plans to launch its first digital sovereign bond, DIGIT, in early 2027, and is expected to become the first G7 country to issue government debt on distributed ledger infrastructure. The bond will be denominated in pounds sterling, issued through HSBC’s Orion platform, and will operate within the digital securities sandbox of the Bank of England and the Financial Conduct Authority.

Bank of England Governor Andrew Bailey said the central bank will work to ensure the bond in the future qualifies as market operations collateral. At present, the UK Treasury has not yet disclosed details such as the bond’s issuance size, term, coupon, investor eligibility conditions, and settlement assets.

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