UK plans first G7 digital sovereign bond by early 2027
The security will launch on HSBC’s Orion platform within the BoE and FCA’s Digital Securities Sandbox to test reduced settlement times and costs.
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Summary
- The U.K. plans to issue its first digital sovereign bond by early 2027, becoming the first G7 nation to place government debt on a distributed ledger.
- The gilt will list on HSBC’s Orion platform within the BoE and FCA’s Digital Securities Sandbox to test reduced settlement times and costs.
- Bank of England Governor Andrew Bailey said the bank plans to make the bond eligible as collateral in market operations, enabling banks to use it in central bank funding transactions.
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CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
