[HSBC Approved by Bank of England to Enter Digital Securities Sandbox, HSBC Orion Facilitates Over $5 Billion in Digital Bond Issuance] Odaily Planet Daily News – HSBC has been approved by the Bank of England to operate within the UK's Digital Securities Sandbox (DSS). Its digital asset platform, HSBC Orion, will support the issuance, servicing, and settlement of digital securities. HSBC stated that HSBC Orion will operate as a digital securities custodian within the DSS, marking it as the first company approved by the Bank of England to launch in the sandbox. The platform will support the issuance of native digital bonds, including the UK's planned Digital Sovereign Bond, Digital Gilt Instrument (DIGIT), as well as corporate bonds. HSBC noted that HSBC Orion has facilitated over $5 billion in digital bond issuance globally. The UK Treasury indicated that the first DIGIT transaction is expected to take place in the first quarter of 2027. HSBC and the London Stock Exchange Group have signed a memorandum of understanding to develop connectivity capabilities that will enable investor participation in the pilot issuance.