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

A Addendum Notice
by HM TREASURY

Source
Find a Tender
Type
Contract (Services)
Duration
3 year
Value
___
Sector
TECHNOLOGY
Published
11 Nov 2025
Delivery
15 Dec 2025 to 14 Dec 2028
Deadline
17 Nov 2025 12:00

Concepts

Location

United Kingdom:

Geochart for 1 buyers and 0 suppliers

1 buyer

Description

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. The Authority has not specified any particular contract value in this Tender Notice and will consider commercial proposals to ascertain the total value of the contract. The Authority expects to award the contract during w/c 15 December 2025. 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.

Renewal Options

The contract for the services will be for an initial 3 years' period with an option to extend for a further 1 year.

Award Criteria

TECHNICAL (inc. Social Value) _
PRESENTATION _
COMMERCIAL _

CPV Codes

  • 48000000 - Software package and information systems
  • 66150000 - Financial markets administration services
  • 72000000 - IT services: consulting, software development, Internet and support

Indicators

  • Renewals are available.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. ** The Authority has published the following documents for this tender: i) Joint Service Provider DRAFT- DIGIT Engagement Letter - 11 November 2025 ii) Joint Service Provider DRAFT- DIGIT Engagement Letter - 11 November 2025

Reference

Domains