Estimated Value
Up to £0
Deadline
31 March 2026
Published
24 March 2026
Type
Not specified
Overview
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. 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.
Eligibility & compliance
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.
Regulations cited
- Procurement Act 2023
Submission
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.
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Likely incumbents
Suppliers who won similar work from this buyer in the last 5 years.
- 1
KING'S COLLEGE LONDON
£59,800
total awarded
- 2
IBM UNITED KINGDOM LIMITED
£964,051
total awarded
- 3
ALLIED PUBLICITY SERVICES (MANCHESTER) LIMITED
2 contracts wonlatest 21 Nov 2025£48,381
total awarded
- 4
CLARITY TRAVEL LIMITED
1 contract wonlatest 8 Sept 2026ends 31 Aug 2028£14m
total awarded
- 5
Grant Thornton UK LLP
1 contract wonlatest 11 Aug 2026
KING'S COLLEGE LONDON is the most likely incumbent based on recency and category match. To win, bidders typically need a clearly differentiated proposition or a price advantage.
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Buyer Profile
HM TREASURYKey Dates
Published
24 March 2026
Submission deadline
31 March 2026
Notice type
tender
Source
find a tender
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