UK digital bonds will be issued through HSBC's blockchain platform, Orion.

PANews reported on February 12th, citing Bloomberg, that the UK Treasury has selected HSBC Holdings' blockchain platform, Orion, for a pilot issuance of digital gilt-edged bonds in the country. In a statement on Thursday, HSBC said that issuing bonds based on blockchain technology could speed up settlements, thereby improving the structure of the UK debt capital markets. The UK government plans to issue DIGIT digital gilt-edged bonds in a regulated testing environment managed by the Financial Conduct Authority, and issued a tender for this in October last year.