United Kingdom (UK) digital gilt pilot to run independently from Debt Management Office

United Kingdom (UK) digital gilt pilot to run independently from Debt Management Office

United Kingdom (UK) digital gilt pilot to run independently from Debt Management Office

The UK government will launch a pilot for a digital gilt referred to as DIGIT using distributed ledger technology (DLT). Announced by Chancellor Rachel Reeves and detailed by Economic Secretary Tulip Siddiq, the pilot aims to issue a digital bond with similar features to a conventional gilt, but will operate separately from the Debt Management Office (DMO) due to its experimental nature.

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