Canton Network Hosts First On-Chain US Treasury Repo Trade

Digital Asset and Consortium Claim Industry First with 24/7 On-Chain Treasury Financing

Digital Asset, alongside a powerful consortium of financial institutions including Bank of America, Citadel Securities, and DTCC, has announced the successful completion of what it calls a ground-breaking, fully on-chain financing transaction. The trade, executed on Tradeweb, involved the real-time financing of tokenised U.S. Treasuries (UST) against the USDC stablecoin on the Canton Network. Conducted...

Canton Network Hosts First On-Chain US Treasury Repo Trade

Digital Asset, in collaboration with a group of prominent financial institutions, has successfully completed an on-chain U.S. Treasury repurchase agreement transaction on the Canton Network. The deal involved USDC as the cash component and tokenized U.S. Treasuries as collateral, marking a milestone in institutional blockchain-based settlement. The trade was executed over the weekend through Tradeweb and is being presented as a first-of-its-kind…