HSBC’s Orion sees cash leg challenge to tokenised bonds
Tradeweb and others agree more work needed before atomic settlement is achieved
The cash leg of tokenised bond trades represents the “biggest challenge” to the success of the UK’s Digital Gilt Instrument (Digit) pilot issuance, according to an executive at HSBC, the supplier of the platform tasked with delivering the project.
HSBC’s digital assets platform Orion was selected as the provider for the Digit pilot issuance by HM Treasury in February, for the purpose of creating
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