Virtu and Tradeweb successfully completed an on-chain repurchase agreement using the Marshall Islands' USDM1 digital bond. This transaction, executed on the Canton Network, finished the entire repo cycle in less than 10 minutes.
Financial firms Virtu and Tradeweb recently completed a significant transaction using blockchain technology. They performed an "on-chain repo," which is a short-term loan where securities are traded digitally on a blockchain. For this deal, they used the USDM1 digital bond, issued by the Marshall Islands, as collateral. The entire process, from start to finish, took less than ten minutes to complete on the Canton Network. This shows how quickly and efficiently traditional financial activities can be handled using new digital systems.
541.172 SRY