Wall Street Giants Make History: First 24/7 U.S. Treasury Tokenization on Canton Network

Wall Street just dragged the $26T Treasury market into the blockchain era—whether it was ready or not.

TradFi meets DeFi in overnight breakthrough

Goldman Sachs, BNY Mellon, and other finance dinosaurs successfully executed the first round-the-clock Treasury financing using tokenized assets on the Canton Network. No more 9-to-5 settlement windows—this is programmable money on banker-approved rails.

Why this breaks the mold

The test proves institutional-grade blockchain can handle real-world collateral movements. We're talking about the same firms that still fax trade confirmations managing atomic settlements. Progress? Or just FOMO catching up with the suits?

The cynical take

Of course they chose Treasuries—Wall Street's favorite 'risk-free' asset to hoard while complaining about liquidity crunches. At least now the repo market might finally get the tech upgrade it's been desperately avoiding since 2008.