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Virtu Financial, M1X Global and Tradeweb Complete First Fully Onchain Repo Using Sovereign Digital Bond | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis
Virtu Financial, M1X Global and Tradeweb announced on August 27 the completion of what they describe as the first fully onchain repo transaction in which the securities leg was a sovereign digital bond. The trade was executed on the Canton network, with securities delivery, the cash leg and the return all settling atomically onchain. The repo was carried out bilaterally on the Tradeweb platform between regulated institutional counterparties, wit…
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