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AwardedAwarded 10 February 2026

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

HM Treasury · Central government

In brief

HM Treasury awarded IT and software and financial services work to HSBC Bank plc on 10 February 2026.

The contract runs for 3 years, up to 4 years with extensions, starting 15 December 2025.

Built from the notice's own fields. Always check the official notice before you bid.

What the notice says

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.

Who won

WinnerValueDates
HSBC Bank plc—
10 February 2026 to 10 February 2029

Values as the award notice gives them, excluding VAT where stated.

Timeline

  1. Tender notice · UK4, notice 062967-2025
  2. Tender notice · UK4, notice 071439-2025
  3. Tender notice · UK4, notice 072980-2025
  4. Tender notice · UK4, notice 073385-2025
  5. Contract details notice · UK7, notice 012654-2026

About the buyer

HM TreasuryLast 12 months

Procurements

14

Awards

11

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From notice 062967-2025 on Find a Tender, first published 7 October 2025, last updated 12 February 2026. We last checked for changes on 28 September 2026.