In a departure from traditional market trading on Wall Street, some financial giants used crypto blockchains to trade US Treasuries into digital dollars on Saturday. The transaction was conducted on the Canton network via Tradeweb, heralding a future where trading will no longer be limited to the standard workweek.
Canton, a public blockchain developed by Digital Asset Holdings, is used as a bridge for transactions, allowing standard Treasury repurchase agreements (or repo transactions) to take place outside normal trading hours. This necklace of transactions connects traditional asset classes with cryptocurrencies that operate around the clock.
Bloomberg: Canton allows financial giants to conduct repo transactions outside normal trading hours
2025-08-12 11:35:13
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