POPA ReconBNY and Citadel Securities complete tokenized treasury repo financing cycle – Link
BNY and Citadel Securities complete tokenized treasury repo financing cycle – Link BNY and Citadel Securities executed an overnight triparty repo using a tokenized two-year U.S. Treasury note. Citadel bought the note via Tradeweb, BNY recorded it on a private ledger, and it was pledged as collateral within minutes. • BNY plans to extend the settlement infrastructure to European and Asian trading hours in the coming year This is a concrete institutional use case for tokenized securities and shows blockchain rails getting tested in traditional repo markets.
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