Franklin Templeton Executes Tokenized U.S. Treasury Trade With Stablecoins on Canton Network

TLDR: Franklin Templeton exchanged a tokenized Treasury security for tokenized cash using on-chain settlement. The transaction paired a tokenized U.S. Treasury with USDCx and settled through Canton Network infrastructure. Tradeweb executed and priced the trade while several financial firms participated in the transaction. The deal occurred after market hours and was later reported to TRACE, [...]

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