Tokenised Wholesale Settlement Rails
Issuing and settling financial assets such as government bonds and trade-finance receivables natively on distributed ledgers against tokenised central bank money or stablecoins, enabling atomic delivery-versus-payment between institutions.
Developed mainly in: United Kingdom and South KoreaImpacting: Europe and Rest of Asia
HM Treasury confirmed Barclays, HSBC, Lloyds, Morgan Stanley, NatWest and RBC Capital Markets as joint lead managers for DIGIT, a digitally native UK government bond issued on distributed ledger technology. The appointments close the procurement stage and open investor engagement, with the pilot issuance targeted by the first quarter of 2027.
This is one of 24 signals scored in our latest scan.
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First flagged
4 September 2026 · score 5.0/10
Corroborating sources since flagging
10
Latest signals
Tracked from 3 signals, each traced to its source.
- Bank of Korea restricts tokenized government bond settlement to wholesale CBDC
Blocktelegraph · 13 Oct 2026
- UK Treasury names six banks to lead pilot issuance of DLT-based gilt
Gov · 6 Oct 2026
- Bank of England begins sandbox tests pairing stablecoins with digital pound for trade finance
Coindesk · 4 Sept 2026
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