HSBC has been approved by the Bank of England to enter the Digital Securities Sandbox (DSS), and its digital asset platform HSBC Orion will support the issuance, servicing, and settlement of digital securities. HSBC Orion operates as a digital securities custodian in DSS and supports the issuance of native digital bonds, including Digital Gilt Instrument (DIGIT) and corporate bonds. HSBC Orion has facilitated over $5 billion in digital bond issuances worldwide. The UK Treasury expects the first DIGIT transaction to take place in the first quarter of 2027, and HSBC and the London Stock Exchange Group have signed a memorandum of understanding to develop connectivity capabilities.
