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Official procurement procedure

Provision of Services for HM Treasury for a Pilot Digital Gilt Instrument (DIGIT) issuance

No classification published
Location not published
Official notice
Published value
£0
Submission deadline 17 Nov 2025, 12:00 GMT
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: HM Treasury: "Provision of Services for HM Treasury for a Pilot Digital Gilt Instrument (DIGIT) issuance". Published status: complete. Published value: £0. 1 published lot. Recorded submission deadline: 17 Nov 2025, 12:00 GMT. See the official notice for participation instructions.
Contracting AuthorityHM TreasuryScope & CategoriesNot publishedSubmission Window
Closed
17 Nov 2025, 12:00 GMT
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)£0
Bidder Intelligence · Authority Profile: HM Treasury
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for HM Treasury. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
Not availableNo published reports
Bid counts are not published for this buyer
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 18 active published awards; 0 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Published-to-award variance compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityHM Treasury
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published12 Feb 2026, 07:07 GMT
Last source update12 Feb 2026, 07:07 GMT
Recurring procurementNot published
ClassificationNot published
Delivery areaLocation not published
OCIDocds-h6vhtk-04ee43
What is being bought
HM Treasury (the Authority) intends to issue DIGIT using Distributed Ledger Technology on a platform within the Digital Securities Sandbox which was established by the Financial Services and Markets Act 2023 (Digital Securities Sandbox) Regulations 2023, and which came into force on 8 January 2024. The proposal requires Supplier(s) to develop and provide the necessary services to allow HM Treasury, to issue, distribute and settle DIGIT as a digitally native note within the DSS and accommodate subsequent lifecycle events. The proposal also includes requirements that concern interoperability functionality and connectivity. 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.
What changed
From the official release history
  1. tender value changed
    12 Feb 2026, 07:07 GMT
  2. Status changed to complete
    12 Feb 2026, 07:07 GMT
  3. Official notice release published
    12 Feb 2026, 07:07 GMT
  4. Submission deadline changed to published date
    12 Feb 2026, 07:07 GMT
  5. Official notice release published
    13 Nov 2025, 09:30 GMT
  6. Official notice release published
    11 Nov 2025, 19:25 GMT
  7. Official notice release published
    5 Nov 2025, 20:09 GMT
  8. Published value updated to £0
    7 Oct 2025, 15:39 BST
  9. Status changed to active
    7 Oct 2025, 15:39 BST
  10. Official notice release published
    7 Oct 2025, 15:39 BST
  11. Submission deadline changed to 17 Nov 2025, 12:00 GMT
    7 Oct 2025, 15:39 BST
  12. Status changed to planning
    18 Mar 2025, 09:50 GMT
  13. Official notice release published
    18 Mar 2025, 09:50 GMT
  14. Buyer information updated
    18 Mar 2025, 09:50 GMT
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    complete
    Published valueNot published
    The source published no individual title or description for this lot.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    12 Feb 2026, 07:07 GMT
  2. Submission deadline
    17 Nov 2025, 12:00 GMT
  3. Award active
    Not published · Not published
  4. Contract active
    Signed 10 Feb 2026, 00:00 GMT · £0
Commercial outcome and competition
Awards
HSBC BANK PLC
Not published · Not published · active
Contracts
Provision of Services for HM Treasury for a Pilot Digital Gilt Instrument (DIGIT) issuance
£0 · signed 10 Feb 2026, 00:00 GMT · active
Contract period: 10 Feb 2026, 00:00 GMT — 10 Feb 2029, 23:59 GMT
Bid statisticsNo aggregate bid statistics published
Buyer and organisations in this procedure

HM Treasury

Contracting authority GB-PPON-PGJQ-4844-JJMM
View buyer profile
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published