Canton Network completes its first on-chain U.S. Treasury financing transaction with participation from Wall Street giants.

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[Block Rhythm] On August 12, it was reported that Digital Asset, in collaboration with several Wall Street institutions, completed its first real-time on-chain U.S. Treasury financing transaction on its privacy interoperation blockchain network, Canton Network, using USDC stablecoin and tokenized U.S. Treasuries for instant settlement over the weekend, bypassing the traditional weekday-only settlement restrictions. The repo transaction was executed through Tradeweb, with participants including Bank of America, Citadel, DTCC, Société Générale, Circle, Virtu, and others. In the transaction, the U.S. Treasuries were held in custody and tokenized by DTCC, serving as collateral for USDC financing.

According to previous reports, on July 3rd, YZi Labs announced an investment in the privacy blockchain network Canton Network's developer Digital Asset. This investment is based on Digital Asset's announcement of a $135 million Series E funding round on June 24th. This round of financing also includes participation from major financial institutions such as DRW, Tradeweb, DTCC, Citadel Securities, and Goldman Sachs.

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MidnightMEVeatervip
· 08-12 12:40
TradFi has been moved onto the chain!
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ForkItAllDayvip
· 08-12 12:37
Another one has entered a position.
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HashBrowniesvip
· 08-12 12:33
It has rolled into the real financial sector.
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