<ul data-eligibleForWebStory="false"><li>The UK government launched the procurement process for the Digital Gilt Instrument (DIGIT) Pilot in March 2025.</li><li>The pilot aims to explore the application of distributed ledger technology (DLT) in the UK sovereign debt issuance process and promote the adoption of DLT in UK financial markets.</li><li>Feedback from the Preliminary Market Engagement Notice (PMEN) led to the announcement of new features for the pilot, including on-chain settlement, enabling over-the-counter trades, supporting interoperability, and delivering greater transparency.</li><li>The government plans to appoint industry leads and further details on the pilot will be published over the summer, with the aim of appointing suppliers later this year.</li></ul>

UK Update on Digital Gilt (DIGIT) Pilot

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