Ascend and M1X Global Complete First Institutional Repo on Stellar Using USDM1 Secured Sovereign Bond
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Stellar (XLM) Challenges Banks With Low-Cost Interbank Deal
Fintech firm Ascend Markets and the M1X Global platform successfully completed the first regulated short-term secured lending (repo) transaction on the Stellar (XLM) blockchain. The operation utilized tokenized United States Treasury bonds (USDM1) as collateral against the USDC stablecoin, completely bypassing centralized banking clearing intermediaries. This initiative is significant because it operated continuously for 72 hours—even through th…
coin-turk.com
BITRSS🚨 The first regulated repo transaction on Stellar was completed on October 23, 2026. 📌 The pilot transaction on the $XLM network ran uninterrupted for 72 hours with digital US Treasury bonds. 🧩 As of the end of October 2026, the total value of Stellar-based RWA assets reached $3.64 billion. Read More: The first regulated repo transaction on the Stellar network has been completed The article "The first regulated repo transaction on the Stellar…
Ascend Markets and M1X Global completed the first regulated repo transaction on Stellar (XLM) with 72 automated hourly extensions and a total fee of less than one cent.
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Business WireAscend and M1X Global Complete First Institutional Repo on Stellar Using USDM1 Secured Sovereign Bond
Landmark transaction demonstrates 24/7 institutional financing on the Stellar network with 72 consecutive automated hourly repo rolls over three days, including overnight and weekend operations Ascend Markets, LLC, a wholly owned subsidiary of PSG Digital Labs, Inc. (“Ascend”), and M1X Global announced the successful completion of the first institutional repurchase...
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