(17 July 2026 – United Kingdom) HSBC and the London Stock Exchange Group (LSEG) have signed a memorandum of understanding to deliver a bilateral Digital Securities Depository (DSD) link, in direct support of HM Treasury’s Digital Gilt Instrument (Digit) pilot.
The agreement connects HSBC’s Orion digital asset platform – selected via public tender in February to provide the blockchain infrastructure for the pilot – with LSEG’s DSD. The integration will allow investors to access and hold Digit through either platform, reducing fragmentation across digital infrastructure and broadening participation in the program.
Julia Hoggett, CEO of LSE plc and head of digital and securities markets at LSEG, said the collaboration would “enable additional settlement optionality for the market” and help HM Treasury “deliver the UK’s first digital government bond issuance, an important milestone in advancing innovation, strengthening the UK’s leadership in digital finance, and shaping the future of our capital markets.”
The first transaction on HSBC Orion is expected to take place by Q1 2027.