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

Published facts

What the notice says

Buyer

HM TREASURY

Published status

complete

Latest release reference

012654-2026

CPV codes

Common Procurement Vocabulary (CPV) codes: 48000000, 66150000, 72000000

Published tags

award, contract

Latest record Bidwake loaded from this source

27 Aug 2026

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.

Open the official Find a Tender notice

Observed notice trail

How the published record developed

Events follow the publisher date where one is available. “Seen by Bidwake” is the date this service first found the record.

1. Planning notice observed

   18 Mar 2025

   Latest variant observed by Bidwake on 16 Jul 2026.

   Open this official Find a Tender notice

   Record references

   Release reference

   009813-2025

   Published tags

   planning

2. Tender notice observed

   7 Oct 2025

   Latest variant observed by Bidwake on 16 Jul 2026.

   Open this official Find a Tender notice

   Record references

   Release reference

   062967-2025

   Published tags

   tender

3. Tender record updated

   5 Nov 2025

   Latest variant observed by Bidwake on 16 Jul 2026.

   Open this official Find a Tender notice

   Record references

   Release reference

   071439-2025

   Published tags

   tenderUpdate

4. Tender record updated

   11 Nov 2025

   Latest variant observed by Bidwake on 16 Jul 2026.

   Open this official Find a Tender notice

Awards and suppliers

Published award and contract facts

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

  Buyer: HM TREASURYSupplier: HSBC Bank plc

  End date in notice

  10 Feb 2029Date from the linked contract

  Value shown in notice

  Value not published

  Official source

  Open the official Find a Tender notice for Provision of Services for HM Treasury for a Pilot Digital Gilt Instrument (DIGIT) issuance

  About this figure

  • The linked contract gives a value of £0, so no GBP figure is shown.

  View record references

  Source

  Find a Tender

  Award or lot reference

  1

Related evidence

Published terms and linked processes

• Renewal information is statedLot 1

  The contract for the services will be for an initial 3 years' period with an option to extend for a further 1 year.

  Repeated in 4 notices; the most recent statement is shown.Published 13 Nov 2025.Open supporting notice 073385-2025

No exact source-published process relationship was found.