Di First 24/7 On-Chain U.S. Treasury Repo Through Tokenization
Digital Asset, togider wit Bank of America, Citadel Securities, DTCC, Societe Generale, Tradeweb an oda big big institutions, dem don run di fust real-time, fully on-chain U.S. Treasury repo utilisin USDC on di privacy-focused Canton Network. Di repo settle gbagada on Saturday, wey pass di usual weekday-only settlement time. Prime brokers convert DTCC-held Treasuries go tokenized assets on Canton, den use dem as collateral for USDC-backed financing. Dis milestone show how tokenization for government debt dey grow, wey fit make Treasury financing dey 24/7, make collateral move sharp sharp for real-time an even make market beta. Di people wey dey involve plan to do more on-chain repo trade later dis year as part of beta plan to put real-world assets for blockchain.
Bullish
Dis on-chain repo na dey mark beta step for how institution dem dey accept blockchain for real-world asset dem. Tokenize government debt plus 24/7 Treasury financing dey improve liquidity, reduce settlement risk and extend market hours. History get like dis wen early tokenized bond issuances boost secondary market activity. For short term, traders fit see more demand for USDC and new tokenized yield products. For long term, wider RWA tokenization fit bring more institutional capital on chain, wey go support beta bullish momentum for the crypto ecosystem.