UK Plans First Tokenized Sovereign Bond Issuance by Early 2027, On-Chain Cash Settlement Still to Be Resolved
2026-07-22 15:38
Odaily Planet Daily News: The UK plans to issue its first tokenized sovereign bond by early 2027. The key prerequisite at present is to solve the problem of on-chain cash settlement, an issue that has limited institutional use of digital bonds for years.
Industry experts suggest the plan may have garnered sufficient support from the UK Treasury, the Bank of England, and regulators to proceed after recent political changes, potentially increasing UK debt demand.
Current progress is constrained by the lack of standardized on-chain payment methods, mature GBP stablecoins, and regulatory clarity.
Industry experts suggest the plan may have garnered sufficient support from the UK Treasury, the Bank of England, and regulators to proceed after recent political changes, potentially increasing UK debt demand.
Current progress is constrained by the lack of standardized on-chain payment methods, mature GBP stablecoins, and regulatory clarity.
