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🚨 UK TO ISSUE TOKENIZED GOVERNMENT BONDS
The UK Treasury has chosen HSBC Orion for its Digital Gilt Instrument pilot. This could make the UK the first G7 country to issue sovereign bonds on a blockchain. The pilot will test distributed ledger #technology for government debt. The goal is to build DLT infrastructure and boost #adoption in UK financial markets. HSBC says digital gilts could speed up settlement times and modernize debt markets. #crypto