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The on-chain financing debut of US Treasuries: Wall Street giants team up with Canton Network to complete USDC exchange.
【比推】Digital Asset and several large Wall Street financial firms completed the first real-time, fully on-chain financing of U.S. Treasury bonds for USDC on the Canton Network.
It is reported that this repurchase transaction was conducted on Tradeweb and settled on Saturday, thus avoiding the limitations of traditional settlement systems that are only available on business days, converting the US Treasury bonds held by the American Depositary Trust Company (DTCC) into tokenized assets on Canton, and then using them as collateral for USDC-backed financing. The institutions participating in this transaction include Bank of America (BAC), a trading platform, Citadel, Cumberland DRW, DTCC, Hidden Road, Société Générale, Virtu Financial, and Tradeweb.