UK names six Joint Lead Managers for digital gilt pilot, targets Q1 2027 issuance
The Economic Secretary used UK Digital Assets Week to set out where the government's digital-finance programme has actually moved from design to delivery. The headline is the appointment of six Joint Lead Managers for the DIGIT pilot and a first-quarter 2027 issuance date, alongside live Sandbox approvals and the cryptoasset authorisation clock now running. Useful for mapping sequencing across gilts, stablecoins and the FCA perimeter.
- Six firms appointed as Joint Lead Managers for the DIGIT pilot issuance, targeted for Q1 2027 on HSBC's Orion platform and listed on LSEG's main market.
- HSBC and ClearToken have each received approval to operate a live Digital Securities Depository in the Digital Securities Sandbox; Treasury will lay supporting secondary legislation.
- Cryptoasset activities enter the FCA regulatory perimeter from 25 October 2027; the transitional-arrangements application window opened 30 September.