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−1.3%Major firms test tokenized United States Treasuries for collateral use
Image: Crypto.newsCitadel Securities and BNY completed transactions using tokenized United States Treasuries. Citadel moved tokenized Treasuries on the Canton Network using the Depository Trust Company service. BNY used a private ledger for a separate transaction where Citadel used a tokenized Treasury note as collateral for an overnight repo. More than 30 firms participated in related DTCC production activity.
Key points
- Citadel Securities and BNY completed transactions using tokenized United States Treasuries.
- Citadel moved tokenized Treasuries on the Canton Network using the Depository Trust Company service.
- BNY and Citadel completed a transaction where a tokenized Treasury note served as collateral for an overnight repo.
- More than 30 firms participated in DTCC production activity involving tokenized Treasuries.
Why it matters
Financial institutions are testing tokenized government securities in lending, settlement, and repo transactions to improve the efficiency of moving high-quality collateral through digital ledgers.
What's unclear
Whether Citadel and BNY collaborated on the same transaction or executed entirely separate operations is contradicted between the reports.
Price context · CC
At publication
$0.1237
Now
$0.1226
Change since
−0.84%
7 days · dashed line = publication
Sources · 3 publishers
The Defiant
Tier 1
BNY and Citadel Securities Use Tokenized Treasury in Overnight Repo
Crypto.news
Tier 2
BNY uses tokenized US Treasury in landmark Citadel Securities repo deal
Coverage timeline
- First reported by Crypto Briefing
- Also reported by The Defiant
- CryptoVideos brief published
How this brief was made. This event appears in reports from 3 publishers. AI drafted the brief from selected reports. Automated checks compare numeric values and topic terms with the source text, but may miss errors. Read the linked reports for context. Report an error
