Global Firms Complete Intraday Repo with Tokenized Gilts on Canton Network

TLDR Global financial firms executed the first cross-border intraday repo using tokenized U.K. government bonds on the Canton Network. The transaction included a cross-currency exchange involving tokenized gilts and tokenized deposits in a non-sterling currency. The repo aimed to demonstrate real-time collateral movement without relying on traditional market cut-off times. Participants included LSEG, Euroclear, DTCC, [...]

The post Global Firms Complete Intraday Repo with Tokenized Gilts on Canton Network appeared first on Blockonomi.