BNY, Citadel Securities test tokenized U.S. Treasuries to speed up Wall Street financing

BNY, Citadel Securities test tokenized U.S. Treasuries to speed up Wall Street financing

The transaction shows how blockchain-based government bonds could help trading firms move collateral faster between settlement and financing.

BNY Mellon, Citadel Complete First Tokenized Treasury Deal on Major Repo Platform

A two-year U.S. Treasury was recorded on BNY Mellon’s private digital ledger and settled within minutes before supporting overnight financing.

BNY and Citadel Securities Use Tokenized Treasury in Overnight Repo

BNY and Citadel Securities completed a tokenized Treasury settlement and overnight repo, connecting a private digital ledger to short-term financing.

Citadel Securities and BNY separately advance tokenized US Treasury initiatives

Tokenized Treasuries could revolutionize financial markets by enabling 24/7 trading and settlement, potentially increasing liquidity and efficiency.