EoI - Lead Manager Services for HMT for pilot DIGIT

Description

HM Treasury (the Authority) is procuring for the lead manager services to support the issuance of the Digital Gilt Instrument (DIGIT). The Authority is working closely with the UK Debt Management Office in delivering this procurement process. This procurement follows the appointment of HSBC as the Distributed Ledger Technology (DLT) supplier for the DIGIT pilot in February 2026. DIGIT will be an entirely new, digitally native, UK Government debt instrument, issued onto HSBC's Orion platform. HSBC Orion will be operating within the Digital Securities Sandbox (DSS). With this pilot, the government is seeking to explore how DLT can be applied across the lifecycle of the debt issuance process and catalyse the development of DLT in UK financial markets. As part of the initial selection stage, interested suppliers are required to complete a qualification questionnaire and non-disclosure agreement, then submit to the Authority as instructed within the DIGIT Lead Manager Services - Expression of Interest document provided in this notice. Please submit your completed questionnaire and signed NDA via email to Digit@hmtreasury.gov.uk no later than noon UK time on 31 March 2026. This contract is exempt from the Procurement Act 2023 in line with Schedule 2 to that Act, therefore the provisions of the Procurement Act 2023 do not apply to this procurement or contract.