UK government’s digital gilts pilot receives positive response

author by Digital Asset November 15, 2024

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Members of the asset servicing industry have welcomed the UK government’s plans to launch digital gilts.

In her maiden Mansion House speech on Thursday, Chancellor of the Exchequer Rachel Reeves announced that the UK will be “launching a pilot to deliver a Digital Gilt Instrument”.

The pilot, referred to as DIGIT, will use distributed ledger technology (DLT) to issue tokenised government bonds on a blockchain.

 

 

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