CoinDesk·5 min read·hard
UK digital bond plans hinge on one missing piece: onchain cash
O
Olivier Acuna
✦AI Summary
The UK's plan to issue blockchain-based sovereign bonds by 2027 faces challenges due to the lack of on-chain cash infrastructure. While political leadership has shifted, experts believe the project has enough institutional momentum to continue.
While the U.K. government is targeting early 2027 to test its first blockchain-based bond issuance via HSBC and the London Stock Exchange Group, experts said that infrastructure pilots alone will not create a functioning capital market.
businesstechnology
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