U.K. Government Hires HSBC Bank For Blockchain Bond Sale
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The U.K. government has appointed HSBC to manage its blockchain bond sale, aiming to be the first G7 nation to issue sovereign debt on the blockchain. This pilot project seeks to test demand for tokenized government bonds, potentially reducing settlement time and costs. The Bank of England will oversee the trial, with HSBC leveraging its experience in digital debt offerings. Other regions, like Hong Kong, have already issued digital sovereign debt, with plans for more blockchain bonds to finance municipal projects.
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