Quantcast

UK government unveils blockchain-driven digital gilt pilot

Russia enforces a six-year ban on cryptocurrency mining across ten regions
Bitcoin Kimchi Premium Spikes as South Korea's Political Turmoil Escalates
BlackRock: A fantastic year thanks to its Bitcoin ETF
Record $14B Bitcoin Options Expiry Looms as Market Looks Highly Levered-Up
Decentralized Finance: A Sector Poised for New Heights in 2025?
Yat Siu X account breach likely part of a string of recent hacks: ZachXBT
Coinbase CLO shares data on crypto hedge funds debanking, demands for answers
Bybit to disable logins for Malaysian users starting December 24
MicroStrategy bags 5.2K Bitcoin at average BTC price of $106K
BlackRock: the financial giant wants to support stablecoins
One year after the halving: Q1, the catalyst for the explosion of the altcoin market?
Metaplanet Picks Up Record 620 Bitcoin as XRP Leads Market Slide
Binance and Circle announce strategic partnership to advance USDC adoption and crypto innovation
CATO Policy Analyst: Operation Choke Point 2.0 ‘has undermined many of the people trying to work and innovate’
SEC Approves First Crypto Index ETFs Combining Bitcoin and Ethereum
Bitcoin dips to $92K in ‘optimal dip-buying’ move as PCE boosts crypto
DOGE Founder Reacts to Bitcoin, Dogecoin and Ethereum Sell-off
Coinbase CEO: 'Crypto is the only payment rail that checks all three boxes'
CATO Policy Analyst: Operation Choke Point 2.0 ‘has undermined many of the people trying to work and innovate’
AI at the service of DeFi: Reflections and perspectives from the Saint-Alex Club
Avara’s Lens secures $31M for SocialFi-focused L2 blockchain
US Federal Reserve (Fed) Continues to Cut Rates by 25 Points: New Highs for Bitcoin?
$300m of other tokens bridged to Solana in the last week, why?
Coinbase sued over WBTC delisting by Justin Sun-affiliated BiT Global
Bitcoin Soars to New Record Highs Over $106K, Let's Hope the Fed Doesn't End the Party
Increased gas limits on Ethereum L1 come with risks… but big rewards
Bitcoin Catches Up With Gold: New ATH for BTC-Gold Ratio
Bitcoin Backed by US Congress: Pro-Crypto French Hill Takes Chair of Finance Committee
BlackRock recommends 1-2% Bitcoin in your portfolio
UK watchdog asks firms to share current and future crypto exposures
UK government unveils blockchain-driven digital gilt pilot
Web3/Crypto
Webp 1
Rachel Reeves, UK Chancellor | Number 10/Flickr

The UK government announced a pilot program on November 14 to issue a Digital Gilt Instrument (DIGIT) using blockchain technology, aiming to modernize public finance. Chancellor of the Exchequer Rachel Reeves unveiled the initiative during her Mansion House speech, presenting it as part of efforts to enhance the UK’s status as a global financial hub.

The pilot will test the use of distributed ledger technology (DLT) in issuing digital bonds comparable to traditional gilts. It will be conducted within the Digital Securities Sandbox (DSS), a regulatory environment launched in September 2024 under the supervision of the Bank of England and the Financial Conduct Authority (FCA), enabling the secure testing of blockchain-based financial innovations.

The program, separate from the Debt Management Office's operations, is designed to avoid disrupting traditional debt issuance activities. Industry consultations are planned for early 2025 to refine the framework and assess the project’s scalability.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

UK debt issuance for 2024 is expected to reach nearly £300 billion, according to the Financial Times, marking the second-highest level on record amid relaxed borrowing rules. Statista reports that the total market value of UK government bonds (gilts) was nearly £2.5 trillion as of June 2024.

Chancellor Rachel Reeves, born in Lewisham, London, in 1979, has served as the Member of Parliament for Leeds West since 2010 and holds a background in economics. She became Chancellor of the Exchequer following the Labour Party's victory in the 2024 general election.

Organizations Included in this History
More News

Brad Garlinghouse, CEO of Ripple, said that the company enables global financial institutions to enhance cross-border payments and efficiency through digital technology.

Jul 9, 2025

Changpeng Zhao, founder of Binance, said that a move for Fannie Mae and Freddie Mac to count bitcoin as a mortgage asset signals a shift in the American Dream.

Jul 7, 2025

Binance has announced the launch of PIXEL APR Boost Airdrop Rewards for the 11th project on BNSOL Super Stake, in collaboration with Pixels (PIXEL), a web3 game on the Ronin Network.

Jul 7, 2025

Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), said that public companies increased their bitcoin holdings more rapidly than exchange-traded funds (ETFs) in the second quarter.

Jul 5, 2025

CoinFlip, a global digital currency platform, has announced the launch of a new user interface for its CoinFlip Preferred service.

Jun 30, 2025

Gum Shoe, a crypto influencer, has highlighted the long wait times and high fees at Coinbase compared to better service at Binance as evidence of the need for increased competition among U.S. crypto exchanges.

Jun 23, 2025