United Kingdom (UK) digital gilt pilot to run independently from Debt Management Office
By Global Government Fintech
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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