Reported 13 days ago
The UK government plans to initiate a trial for issuing digital gilts using blockchain technology within the next two years, aiming to modernize its financial markets. Chancellor Rachel Reeves is expected to announce this initiative during her upcoming speech, as the government embarks on significant borrowing activities. The move aims to streamline gilt trading processes, making them faster and more cost-effective, aligning with recent trends from other countries exploring digital debt issuance.
Source: YAHOO