The UK government, via HM Treasury (HMT) and the Debt Management Office (DMO), announced the Digital Gilt Instrument (DIGIT) pilot, a first-of-its-kind issuance of a natively digital Gilt settled on a Distributed Ledger Technology (DLT) platform within the UK’s Digital Securities Sandbox (DSS). IA members are a significant investor in the gilt market, with around £550bn currently allocated to indexlinked and conventional UK gilts. Much of this is managed on behalf of institutional investors on a bespoke basis, but investment funds designed for collective investment play a significant role too […]