Tokenization News: Wall Street Firms Complete First 24/7 U.S. Treasury Financing on Canton Network

Tokenization News: Wall Street Firms Complete First 24/7 U.S. Treasury Financing on Canton Network

The transaction used the USDC stablecoin and tokenized Treasuries for instant weekend settlement on Digital Asset's privacy-focused blockchain.

Treasuries Go 24-7 as Repo Trade Hits Blockchain on a Saturday

In a twist on Wall Street’s traditional market plumbing, some of the biggest names in finance used a crypto blockchain to trade US Treasuries for digital dollars — on a Saturday. The deal, carried out on the Canton Network through Tradeweb, hints at a future where trading is no longer confined to the standard business week.

On-Chain US Treasury Financing Against USDC Gets Executed On Tradeweb - FinanceFeeds

Digital Asset, in collaboration with a group of financial institutions, has announced the completion of an on-chain financing transaction involving US Treasury securities against USDC on the Canton Network. The transaction, executed on Tradeweb, was described as the first to deliver near-instant, atomic settlement on a public blockchain outside traditional market hours, including weekends. The companies said the trade was conducted entirely on-c…

Blockchain Helps Treasury Trades Move Beyond the Workweek

Is blockchain helping Wall Street trading break the confines of the workweek? [contact-form-7] That reality could be on the horizon, Bloomberg reported Tuesday (Aug. 12), after a group of finance heavyweights used a cryptocurrency blockchain to trade U.S. Treasurys for digital dollars on a Saturday. The trade was carried out on the Canton Network, a public blockchain, allowing a standard U.S. Treasury repurchase agreement — otherwise kn…

Wall Street Players Complete On-Chain US Treasury Financing on Canton Network | Fintech InShorts: Latest fintech news, analysis by experts

Revolutionizing Finance: The Impact of Blockchain on Treasury Operations Highlights: Key Wall Street players have successfully executed on-chain treasury transactions. The Canton Network enhances the efficiency and security of treasury financing. This development signifies a major shift towards blockchain integration in traditional finance. Recent advancements in blockchain technology have enabled key financial institutions to conduct on-chain …

U.S. Treasury Repo Revolutionizes Wall Street With Canton Network Trial

BitcoinWorld U.S. Treasury Repo Revolutionizes Wall Street with Canton Network Trial The financial world recently witnessed a truly groundbreaking event as major institutions on Wall Street successfully executed a U.S. Treasury repo transaction using a revolutionary blockchain platform. This trial signals a significant leap forward for digital finance, promising a future of instant and secure settlements. It’s a pivotal moment demonstrating how …