The UK government has selected HSBC’s Orion digital asset platform to support a pilot issuance of tokenized government bonds, marking a formal step in the country’s exploration of distributed ledger technology (DLT) for sovereign debt. The appointment, confirmed by His Majesty’s Treasury (HM Treasury), follows a competitive procurement process and positions the Digital Gilt Instrument (DIGIT) pilot within the UK’s Digital Securities Sandbox framework.

The U.S. National Credit Union Administration (NCUA) has issued its first proposed rules under the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, outlining a federal licensing pathway for payment stablecoin issuers affiliated with federally insured credit unions.

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