Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent discussions he has had with industry stakeholders on the issuing of a digital gilt.

The government has spoken to numerous industry participants who have supported the development of the government’s practical understanding of the potential advantages of digital ledger technology (DLT) to financial markets, the design choices around the technology’s implementation, and the legal considerations associated with digital securities.

We are not actively pursuing an issuance of a DLT sovereign debt instrument at this time. We will continue to monitor market developments relating to the use of DLT within capital markets, including how these may impact the government as a market participant in future.