The new UK Chancellor of the Exchequer Nadhim Zahawi said the government will explore blockchain for government bonds. Plans to explore blockchain were first mentioned in April, when the U.K. published documents on the use of DLT for securities and stablecoin regulation.
Bonds are one of the top asset classes where DLT is being deployed or explored. And, this applies not only to regular bonds, but also to green bonds, where the use of bond proceeds can be tracked and verified using blockchain.
The Bank for International Settlements (BIS) Innovation Centre is working with the Hong Kong Monetary Authority to explore the use of blockchain for green bonds.