Woofun AI reports that the United Kingdom intends to issue its inaugural digital sovereign bond by early 2027, positioning itself as the first G7 nation to utilize a distributed ledger for government debt. The issuance will occur on HSBC’s Orion platform within the digital securities sandbox overseen by the Bank of England and the Financial Conduct Authority, designed to evaluate methods for lowering settlement durations and expenses. Bank of England Governor Andrew Bailey stated that the central bank aims to designate this bond as eligible collateral for market operations, permitting financial institutions to employ it in financing transactions with the BOE.