Major Banks Pioneer On-Chain Treasury Repo Trade with USDC on Canton Network

Digital Asset, in collaboration with financial giants such as Bank of America, Citadel Securities, and Societe Generale, has achieved a groundbreaking milestone by settling a U.S. Treasury repo trade entirely on-chain via the Canton Network. This transaction utilized tokenized Treasuries (mirrored from DTCC custody) paired with USDC minted natively on the blockchain, enabling atomic settlement without the limitations of traditional banking hours.

Executed over the weekend through Tradeweb, this trade highlights the potential of programmable finance to enable continuous collateral mobility. The Global Collateral Network initiative seeks to merge institutional compliance with decentralized infrastructure, creating an always-on market for high-quality liquid assets.