UK names 6 banks to lead DIGIT as tokenized Treasuries boom

Crypto Insight Summary: HM Treasury has designated Barclays, HSBC, Lloyds, Morgan Stanley, NatWest, and RBC Capital Markets as joint lead managers for DIGIT, UK’s first digitally-native government bond. The designation marks the end of the procurement phase ahead of the upcoming test issuance, which is likely to be done in the first quarter of 2027. The timing is... Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Long-term (1 quarter-1 year) Reasoning: Tokenized Treasuries are a long-term development but not directly impacting crypto markets yet.