UK gov't taps HSBC for tokenized bond pilot to enhance efficiency, cut costs, and boost security through blockchain.
The United Kingdom has selected HSBC Orion to lead its DIGIT pilot program, which will focus on investigating the potential of blockchain technology in the bonds market. The initiative aims to enhance operational efficiency, reduce expenses, and bolster security measures. This strategic move underscores the UK's commitment to leveraging innovative solutions, with significant emphasis on blockchain's capabilities to transform traditional financial processes.
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