The emergence of blockchain-based digital government bonds could revolutionize global debt markets by reducing borrowing costs and creating new trading opportunities. In an interview with Cointelegraph, Lamine Brahimi, co-founder of Taurus, discussed the potential benefits of digital bonds. Brahimi highlighted that utilizing blockchain for government bonds could enhance market efficiency, lower costs, and introduce innovative trading strategies. Digital gilts could streamline debt transactions with instant settlement, unlike traditional bonds that involve multiple intermediaries and delays. However, integrating digital gilts into existing market infrastructure poses challenges, such as regulatory clarity and legal recognition. Despite concerns raised by the UK's Debt Management Office, proponents believe that adopting blockchain technology for government bonds could modernize debt markets. The push for blockchain-based gilts signifies a shift towards technological advancement in the financial sector. Read more AI-generated news on: https://app.chaingpt.org/news