CoinVoice has learned that Digital Asset and several major Wall Street financial firms have completed the first real-time, fully on-chain financing of U.S. Treasury bonds for USDC on the Canton Network.
It is reported that this repurchase transaction took place on Tradeweb and settled on Saturday, thus avoiding the limitations of the traditional settlement system that is restricted to working days, converting U.S. Treasury bonds held by the Depository Trust & Clearing Corporation (DTCC) into tokenized assets on Canton, which were then used as collateral for financing backed by USDC. Institutions participating in this transaction include Bank of America (BAC), Circle (CRCL), Citadel, Cumberland DRW, DTCC, Hidden Road, Société Générale, Virtu Financial, and Tradeweb. [Original link]
