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Treasury names six lead managers for DIGIT, the UK's first digital gilt
HM Treasury has named Barclays, HSBC, Lloyds, Morgan Stanley, NatWest and RBC Capital Markets as joint lead managers for DIGIT, the UK's first digitally native gilt, with issuance targeted for early 2027.
Shawn Jhanji
6 days ago3 min read


ECB sets out three models for central bank money on-chain in Isabel Schnabel's Bank of England presentation
Isabel Schnabel of the ECB presented three ways to put central bank money on a distributed ledger at the Bank of England on 1 October 2026. The slides rank none of them and set no date for a choice.
Shawn Jhanji
Oct 54 min read


Lloyds and Visa test stablecoin settlement with $750,000 live pilot
Lloyds Banking Group and Visa settled US$750,000 of payment obligations in USDC over seven days, with funds reaching Visa in under an hour, including over a weekend. The release gives no rollout date.
Shawn Jhanji
Oct 25 min read


LSEG becomes a Canton Network Super Validator
London Stock Exchange Group has taken a governance seat on the Canton Network, a blockchain built for regulated institutions, through its Digital Settlement House service for commercial bank money.
Shawn Jhanji
Sep 304 min read


Citi Token Services Reaches Japan and the UAE, Taking Its Tokenised Deposit Network to Seven Markets
Citi has extended its tokenised money service for institutional clients to Japan and the UAE, bringing the network to seven markets including the UK. The release points to live use but gives no volumes beyond "billions of dollars".
TS Team
Sep 295 min read


tZERO puts Goldman Sachs' Treasury money market fund on Lynq without tokenising the shares
The shares being distributed are the ordinary institutional class, not a token. A tokenised version of the same fund exists and holds around 10,400 dollars.
Shawn Jhanji
Sep 294 min read


ClearToken wins Bank of England approval to settle tokenised FTSE 350 shares and gilts
The Bank of England has cleared a company that is not a bank to run a live digital securities depository, and the assets on its opening list are ordinary listed shares and government bonds rather than anything experimental.
Shawn Jhanji
Sep 247 min read


European Central Bank switches on Pontes, letting 13 banks settle tokenised assets in central bank money
The ECB launched Pontes on 21 September 2026, letting 13 banks and four DLT platforms settle tokenised asset trades in central bank money, and said it will invest part of its own funds in tokenised bonds. The Bank of England is still testing.
Shawn Jhanji
Sep 234 min read


DTCC tokenisation service goes live in October on SEC relief that expires three years after launch
DTCC moves its tokenisation service for Russell 1000 shares, major ETFs and US Treasuries into full production in October 2026. The SEC staff relief behind it lasts three years from launch, and the UK's Digital Securities Sandbox runs to December 2028.
Shawn Jhanji
Sep 235 min read


The ECB Prepares to Invest Its Own Funds in Tokenised Bonds, Settling Through the Newly Launched Pontes
The European Central Bank has begun preparatory work to invest a portion of its own funds directly in tokenised bonds, with every purchase settling in central bank money through Pontes, the settlement system the Eurosystem switched on the same day.
Shawn Jhanji
Sep 223 min read


Banks on Swift's ledger are now making live tokenised deposit payments, while the UK's seven-bank sterling pilot has yet to report
Tokenised deposits have moved into live payments over Swift's ledger, with DBS, OCBC and UOB completing Singapore dollar payments on 13 September 2026. HSBC and Lloyds are in Swift's group, but the UK's own sterling pilot has not published results.
Shawn Jhanji
Sep 215 min read


OpenAssets and Partior Complete Atomic Settlement Trial Linking Tokenised Deposits, Stablecoins and Digital Assets
A quieter but structurally important piece of tokenisation news broke this week away from the equity headlines. Two infrastructure providers proved that digital assets, stablecoins and tokenised bank deposits can now settle against each other automatically, without the manual reconciliation that has
Shawn Jhanji
Aug 34 min read


A 50 Firm Pilot Backed by BlackRock and Goldman Sachs goes 'Live'.
The Depository Trust and Clearing Corporation began limited production trades of tokenised Russell 1000 stocks, exchange traded funds and US Treasuries this week, moving the world's largest securities depository from pilot planning into live settlement on blockchain rails for the first time.
Shawn Jhanji
Jul 153 min read


HSBC Issues Its First Digitally Native Structured Product Through Marketnode in Hong Kong
HSBC has completed the private placement of its first digitally native structured product, a USD note issued directly on a blockchain out of Hong Kong.
Shawn Jhanji
Jul 135 min read


UK Finance Warns Britain Is Behind on Securities Tokenisation and Sets Three Missions to Close the Gap
For anyone building in tokenisation in Britain, the hard question has never been whether the technology works. It is whether the UK will be a place worth building it in. A new report from UK Finance, the industry body for the country's banking and finance sector, offers an uncomfortable but useful a
TS Team
Jul 65 min read


A Regulated Custody Bank Just Joined an Institutional Lending Network. The Quiet Plumbing of Tokenisation Got Sturdier.
The most important developments in tokenisation are rarely the loud ones. They tend to happen in the settlement layer, the part of finance almost nobody outside the back office ever thinks about, and they decide whether an idea that works in a pilot can survive contact with real institutional money.
Shawn Jhanji
Jul 24 min read


Euroclear and Societe Generale Test Stablecoin Settlement for Tokenised Commercial Paper
Settlement is the least glamorous word in finance and quite possibly the most important. It is the moment a trade actually completes, when cash and asset change hands and the deal becomes real. For decades that moment has taken days, propped up by a chain of intermediaries each taking a cut and addi
Shawn Jhanji
Jul 15 min read
UK equity tokenisation news
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