HM Treasury has selected HSBC Orion as the platform provider for the Digital Gilt Instrument (DIGIT) pilot programme, positioning the UK to issue the first tokenized sovereign bonds on blockchain among G7 nations. Lucy Rigby KC MP, Economic Secretary to the Treasury, said the government wants to “attract investment and make the UK the best place to do business.”
HSBC Orion has facilitated over $3.5 billion in digitalized bond issuances globally, including the Hong Kong Government’s $1.3 billion multi-currency green bond in 2025. Patrick George, Global Head of Markets & Securities Services at HSBC, highlighted the platform’s proven track record in digital assets. Other notable clients have included the European Investment Bank, First Abu Dhabi Bank, QNB Group, and the Abu Dhabi Securities Exchange. HSBC Holdings operates across 56 countries with total assets of $3,233 billion as of December 31, 2025.