Canton Network Makes History with First USDC-Settled On-Chain U.S. Treasuries Financing

Digital Asset, in collaboration with leading financial institutions, has executed a groundbreaking transaction on the Canton Network—marking the first real-time, fully on-chain financing of U.S. Treasuries (UST) using USDC as settlement currency. Facilitated through Tradeweb, this innovation achieves atomic settlement via public blockchain, eliminating traditional market hour restrictions and weekend barriers.

The transaction revolutionizes liquidity access by utilizing on-chain UST as collateral with USDC as the cash component, enabling genuine 24/7 market operations. This milestone establishes a foundation for interoperable capital markets infrastructure that transcends conventional settlement cycles.

The development represents a convergence of crypto efficiency and traditional finance stability, creating always-available access to high-quality liquid assets. By introducing real-time collateral fluidity, it paves the way for more efficient and inclusive global financial markets.