Canton Network Enables First 24/7 #Treasury Financing Deal


Major financial institutions executed the first real-time, on-chain financing of U.S. Treasuries against $USDC on Digital Asset's Canton Network. The repo trade settled atomically on a Saturday, bypassing traditional weekday-only settlement limitations.


Bank of America, Citadel Securities, DTCC, Societe Generale, and Tradeweb participated in the groundbreaking transaction. Prime brokers converted Treasuries held at DTCC into tokenized assets on Canton, then used them as collateral for $USDC-backed financing.


The transaction demonstrates how #tokenization can unlock real-time collateral mobility and round-the-clock financing capabilities. Most participating firms invested in Digital Asset's $135 million fundraising round in June, showing institutional commitment to #blockchain-based settlement.


Global banks explore tokenization to reduce settlement times, increase transparency, and maintain 24/7 market operations. Participants plan additional transactions later this year as part of broader efforts to blend traditional finance scale with decentralized blockchain programmability for a more efficient global financial system.

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August 20, 2025 at 5:14 PM
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