UK industry welcomes government’s digital gilt pilot

author by Canton November 15, 2024

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In her first Mansion House speech, UK chancellor Rachel Reeves announced a pilot program to issue digital gilts using blockchain technology.
This initiative, aimed at modernising the UK’s £2.5 trillion gilt market, leverages distributed ledger technology (DLT) to create tokenised government bonds, marking a significant step in aligning the UK’s capital markets with emerging digital finance trends.