---
title: "EoI - Lead Manager Services for HMT for pilot DIGIT"
ocid: "ocds-h6vhtk-0672ca"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0672ca"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0672ca.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0672ca.json"
source: "Find A Tender Service"
current_stage: "Tender"
buyer: "HM TREASURY"
published: "2026-03-24"
---

# EoI - Lead Manager Services for HMT for pilot DIGIT

Buyer: HM TREASURY  
Current stage: Tender  
OCID: ocds-h6vhtk-0672ca

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## Summary

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.

## Notice

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.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/026845-2026 |
| 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 |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 24 Mar 2026 |
| Submission deadline | 31 Mar 2026 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 31 May 2026 - 31 May 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Active |
| Lots status | Active |
| Awards status | Not specified |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | HM TREASURY |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1A 2HQ |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66150000 - Financial markets administration services

## Release History

- 24 Mar 2026 at 14:02 - Tender - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/026845-2026

## Documents

- https://www.find-tender.service.gov.uk/Notice/026845-2026
  24th March 2026 - Tender notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/Attachment/A-13868
- https://www.find-tender.service.gov.uk/Notice/Attachment/A-13877

## Notice URLs

- https://www.legislation.gov.uk/ukpga/2023/54/contents

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0672ca. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0672ca.json.