HM Treasury and the UK Debt Management Office are piloting a digital gilt instrument (DIGIT) to modernise how UK government debt is issued and traded. The pilot involves consultation with gilt-edged market makers and primary dealers on the Treasury bill market and digital infrastructure for gilt trading. Current status is active, with ongoing engagement and updates on the pilot's development and market implications.
Summary minutes of the Chancellor of the Exchequer’s meeting with the primary dealer firms in the gilt market, on 23 March 2026 in HM Treasury.
The government are setting out features to be tested as part of the digital gilt instrument (DIGIT) pilot.
HM Treasury and the DMO are seeking views from industry to inform the development and delivery of the pilot DIGIT issuance.
UK DMO Annual Business Plan 2022-23
HM Treasury and U.S. Department of the Treasury joint statement on the second meeting of the U.S.-UK Financial Innovation Partnership.
The joint HM Treasury-Financial Conduct Authority-Bank of England Cryptoassets Taskforce report sets out the UK’s approach to cryptoassets and distributed ledger technology in financial services.