Odaily Planet Daily News: The UK Treasury has selected HSBC Holdings Plc’s blockchain platform Orion for a pilot issuance of the country’s digital sovereign bond instrument DIGIT. HSBC stated that issuing bonds on the blockchain can improve the structure of the UK debt capital market by accelerating settlement speeds. The UK Treasury plans to issue these digital instruments within a regulated testing environment managed by the Financial Conduct Authority. Previously, HSBC’s Orion platform has been used globally to issue over 3.5 billion USD in digital native bonds, including the European Investment Bank’s first digital pound bond and a 1.3 billion USD equivalent green bond issued by the Hong Kong government. (Bloomberg)
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