Tender

EoI - Lead Manager Services for HMT for pilot DIGIT

HM TREASURY

This public procurement record has 1 release in its history.

Tender

24 Mar 2026 at 14:02

UK4 - Tender Notice
Summary of the contracting process

HM Treasury is seeking lead manager services to support the issuance of the Digital Gilt Instrument (DIGIT) as part of a collaborative initiative with the UK Debt Management Office. The procurement process, titled "EoI - Lead Manager Services for HMT for pilot DIGIT," falls within the industry category of financial markets administration services. This opportunity is centred in the United Kingdom, with a focus on utilising Distributed Ledger Technology (DLT) in UK financial markets. The procurement stage is currently in the tender phase, with interested parties required to submit a qualification questionnaire and a non-disclosure agreement by email before the deadline at noon UK time, 31 March 2026. Key stages include the enquiry period ending on 27 March 2026, and the contract running from 1 June 2026 to 31 May 2027, with potential renewal options contingent upon project completion.

This tender represents a significant opportunity for financial service providers and businesses specialising in DLT to contribute to the pioneering issuance of the DIGIT on HSBC's Orion platform, setting a standard for digital securities within the UK. Participating in this open competition can potentially enhance the profile of relevant businesses capable of delivering quality and cost-efficient solutions, boosting growth and innovation within digital financial markets. Companies with expertise in financial technologies, DLT, and securities administration will be particularly well-positioned to compete for this contract, leveraging their capabilities to influence the development of digital gilt instruments and the integration of blockchain technologies in governmental financial processes.

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Notice Information

Notice Title

EoI - Lead Manager Services for HMT for pilot DIGIT

Notice Description

HM Treasury (the Authority) is procuring for the lead manager services to support the issuance of the Digital Gilt Instrument (DIGIT). The Authority is working closely with the UK Debt Management Office in delivering this procurement process. This procurement follows the appointment of HSBC as the Distributed Ledger Technology (DLT) supplier for the DIGIT pilot in February 2026. DIGIT will be an entirely new, digitally native, UK Government debt instrument, issued onto HSBC's Orion platform. HSBC Orion will be operating within the Digital Securities Sandbox (DSS). With this pilot, the government is seeking to explore how DLT can be applied across the lifecycle of the debt issuance process and catalyse the development of DLT in UK financial markets. As part of the initial selection stage, interested suppliers are required to complete a qualification questionnaire and non-disclosure agreement, then submit to the Authority as instructed within the DIGIT Lead Manager Services - Expression of Interest document provided in this notice. Please submit your completed questionnaire and signed NDA via email to Digit@hmtreasury.gov.uk no later than noon UK time on 31 March 2026. 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.

Lot Information

Lot 1

Renewal: To ensure completion of the project to enable the Pilot Digital Gilt Instrument (DIGIT) issuance.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0672ca
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/026845-2026
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Below threshold - open competition
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66150000 - Financial markets administration services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
24 Mar 20261 weeks ago
Submission Deadline
31 Mar 2026Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 May 2026 - 31 May 2027 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
HM TREASURY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1A 2HQ
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Further Information

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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