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Awarded contract

Provision of Services for HM Treasury for a Pilot Digital Gilt Instrument (DIGIT) issuance

Details

Buyer
HM Treasury
Supplier(s)
HSBC Bank Plc
Duration
3 years
Topic
Software package and information systems
Published
12 February 2026
Source
uk:find_a_tender

Tender description

HM Treasury (the Authority) intends to issue DIGIT using Distributed Ledger Technology on a platform within the Digital Securities Sandbox which was established by the Financial Services and Markets Act 2023 (Digital Securities Sandbox) Regulations 2023, and which came into force on 8 January 2024. The proposal requires Supplier(s) to develop and provide the necessary services to allow HM Treasury, to issue, distribute and settle DIGIT as a digitally native note within the DSS and accommodate subsequent lifecycle events. The proposal also includes requirements that concern interoperability functionality and connectivity. 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. ## Contract award

Timeline

  1. Award published12 February 2026
    Current notice
  2. Award date12 February 2026
  3. Contract expiry date10 February 2029in 2 years

About the buyer

HM Treasury is the UK government's economic and finance ministry, and buys as a central government ministerial department with its own in-house commercial team. Suppliers can email the commercial team to hear about upcoming procurements and supplier days. The department aims to make it easier for companies of all sizes to win government business.

A commercial pipeline gives advance notice of major planned procurements over the next 12 months. That pipeline is refreshed every six months.

Over the past 5 years, most of HM Treasury's contract awards have been in IT services, business services and software and information systems.

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Decision makers

Connect with the people behind this procurement.

Contact nameJob titlePhone numberWork email
Head of Procurement+44 •••• ••••••
Commercial Director+44 •••• ••••••
Procurement Manager+44 •••• ••••••
Category Lead+44 •••• ••••••
Senior Buyer+44 •••• ••••••
Contracts Manager+44 •••• ••••••

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