
Treasury names six banks to lead the UK's first digital gilt
Barclays, HSBC, Lloyds, Morgan Stanley, NatWest and RBC Capital Markets will underwrite and distribute the DIGIT pilot, which is expected by Q1 2027.

Barclays, HSBC, Lloyds, Morgan Stanley, NatWest and RBC Capital Markets will underwrite and distribute the DIGIT pilot, which is expected by Q1 2027.

Thirteen banks and four DLT operators have onboarded for launch. Longer hours and more features will be phased in, with full implementation expected by 2028.