British plans to issue the first decorated sovereign bond by early 2027, with the chain cash settlement still pending

On 23 July, the United Kingdom planned to issue its first token sovereign bond by the beginning of 2027, with the current key premise being to resolve the chain of cash settlements. The problem has for many years restricted the use of digital bonds by agencies. Industry experts indicated that the plan may have received sufficient support from the British Treasury, the Bank of England and regulators to move forward after recent political changes and may increase the demand for British debt. Progress is now limited to standardized chain payments, mature Pounds sterling stabilization and lack of regulatory clarity。