BNY, Citadel Securities test tokenized U.S. Treasuries to speed up Wall Street financing
Summary
BNY and Citadel Securities have tested tokenized U.S. Treasuries to evaluate blockchain technology in financial markets. The trial demonstrates how digital government bonds could enable trading firms to transfer collateral more quickly between settlement and financing operations.
The transaction shows how blockchain-based government bonds could help trading firms move collateral faster between settlement and financing.
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