BNY, Citadel Securities test tokenized U.S. Treasuries to speed up Wall Street financing
Summary
BNY and Citadel Securities completed a transaction using tokenized U.S. Treasuries to demonstrate how blockchain-based assets could move from settlement into financing more quickly. Faster collateral transfers could let firms reuse government bonds sooner, reducing delays and freeing up capital for trading. BNY also plans to expand digital cash and tokenized deposit capabilities and extend settlement-system operating hours to better serve Asian and European markets next year.
