HSBC Approved for Bank of England’s Digital Sandbox

Bank of England Clears HSBC for Digital Securities Operations

HSBC has received approval to operate HSBC Orion in the UK’s Digital Securities Sandbox, supporting digital bonds and the planned DIGIT issuance. HSBC has received approval to operate its digital assets platform, HSBC Orion, in the United Kingdom’s Digital...

HSBC Wins UK Approval to Run Live Digital Securities Depository

Why Does HSBC’s Sandbox Approval Matter? HSBC has become the first firm cleared by the Bank of England to operate live digital securities depository services inside the United Kingdom’s Digital Securities Sandbox, giving its HSBC Orion platform permission to support tokenised bond issuance and the government’s planned digital gilt pilot. The approval moves HSBC through Gate 2 of the sandbox, the point at which firms can conduct regulated activit…

HSBC approved for Bank of England’s digital sandbox

As part of the Digital Gilt Instrument (DIGIT) pilot issuance, HSBC and LSEG have signed a memorandum of understanding to deliver a bilateral Digital Securities Depository link.

U.K. to Issue Digital Gilt by Q1 2027

The Chancellor announced in her Mansion House speech (14 July) that the government is taking steps to prepare for potential further Digital Gilt Instrument (DIGIT) issuances, subject to the success of the first transaction that will take place by Q1 2027 on HSBC’s digital securities depository (DSD), HSBC Orion. This announcement follows the appointment of HSBC as the platform provider for the DIGIT pilot issuance following a competitive procure…