Wall Street Giants Launch 24/7 USDC Treasury Financing Through Tokenization on Canton Network

Leading financial institutions have completed the first real-time, on-chain repo trade using tokenized U.S. Treasuries and USDC, utilizing the Canton Network's blockchain infrastructure. This breakthrough transaction settled atomically on a Saturday—bypassing traditional settlement timelines—demonstrating blockchain's ability to enable continuous market operations.

Bank of America, Citadel, and Société Générale converted DTCC-held Treasuries into digital collateral for USDC financing. The deal showcases how tokenization bridges traditional finance's scale with blockchain's programmability, unlocking new efficiencies in capital markets.

The privacy-focused Canton Network, developed by Digital Asset, provides the institutional-grade infrastructure for such transactions. Backers including Virtu Financial and Tradeweb recently participated in Digital Asset's $135 million funding round, underscoring strong institutional belief in blockchain's capital markets potential.