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Blockchain startup challenges financial giants for UK digital gilt contract

Ctrl Alt vies with HSBC and LSEG for role in government’s tokenisation trial

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Ctrl Alt, HSBC and the London Stock Exchange Group are bidding for the digital gilt contract, FN has learned Photo Illustration: Getty Images/FN Staff

A fledgling fintech is competing with some of Britain’s most established financial institutions for a key government contract to support the first digital gilt.

London-based Ctrl Alt, launched in 2022, is among the firms bidding for a Treasury contract to provide services for a pilot digital gilt instrument, according to people familiar with the matter.

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