{"id":41718,"date":"2025-08-12T12:31:57","date_gmt":"2025-08-12T12:31:57","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=41718"},"modified":"2025-08-12T12:31:57","modified_gmt":"2025-08-12T12:31:57","slug":"wall-street-firms-complete-first-24-7-u-s-treasury-financing-via-tokenization-on-canton-network","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=41718","title":{"rendered":"Wall Street Firms Complete First 24\/7 U.S. Treasury Financing Via Tokenization on Canton Network"},"content":{"rendered":"<div>\n<p>Digital Asset and a group of major financial firms have executed the first real-time, fully on-chain financing of U.S. Treasuries against USDC on the Canton Network.<\/p>\n<p>The repo trade, carried out on Tradeweb, settled atomically on a Saturday, sidestepping the weekday-only limitations of traditional settlement systems, according to a press release shared with CoinDesk on Tuesday.<\/p>\n<p>Prime brokers converted U.S. Treasuries held at the <a href=\"https:\/\/www.coindesk.com\/business\/2025\/04\/02\/wall-street-giant-dtcc-unveils-tokenized-collateral-platform-in-crypto-push\">Depository Trust &amp; Clearing Corporation<\/a> (DTCC) into tokenized assets on Canton, then used them as collateral for USDC-backed financing. The Canton Network is a privacy-focused blockchain developed by Digital Asset.<\/p>\n<p>Institutions involved in the transaction include Bank of America (BAC), Circle (CRCL), Citadel, Cumberland DRW, DTCC, Hidden Road, Societe Generale, Virtu Financial and Tradeweb. Most of these firms <a href=\"https:\/\/www.coindesk.com\/business\/2025\/06\/23\/digital-asset-builder-of-privacy-focused-blockchain-canton-raises-usd135m\">invested<\/a> in Digital Asset in its $135 million fundraising round in June.<\/p>\n<p>Tokenization of government debt, a crucial collateral asset in global markets, is part of a broader push to bring financial instruments, or real-world assets, onto blockchains. Global banks and asset managers explore tokenization to cut settlement times, increase transparency and keep markets open around the clock.<\/p>\n<p>Participants in the Canton transaction said it marks a step toward a unified market structure blending traditional finance\u2019s scale with the programmability of decentralized blockchain rails. They plan more transactions later this year.<\/p>\n<p>&#8220;[The transaction] demonstrates how market participants can unlock real-time collateral mobility and round-the-clock financing using assets on chain, which lays the groundwork for a fundamentally more efficient and accessible global financial system,&#8221; Kelly Mathieson, chief business development officer at Digital Asset, said in a statement.<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/08\/07\/decentralized-finance-and-tokenization-growth-still-disappoints-jpmorgan\">Decentralized Finance and Tokenization Growth Still Disappoints: JPMorgan<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Digital Asset and a group of major financial firms have executed the first real-time, fully on-chain financing of U.S. Treasuries against USDC on the Canton Network. The repo trade, carried out on Tradeweb, settled atomically on a Saturday, sidestepping the weekday-only limitations of traditional settlement systems, according to a press release shared with CoinDesk on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-41718","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41718"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41718\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}