Digital Asset has partnered with multiple Wall Street institutions to complete the first real-time, on-chain U.S. Treasury repo transaction on the Canton Network.

BlockBeats News, August 12th, according to CoinDesk, Digital Asset, in collaboration with multiple Wall Street institutions, completed the first real-time on-chain US Treasury bond repo transaction on its privacy-focused interoperable blockchain network, Canton Network. The transaction used the USDC stablecoin and tokenized US Treasury bonds to achieve weekend instant settlement, bypassing the traditional weekday-only settlement restrictions. The repo transaction was executed through Tradeweb, with participants including Bank of America, Citadel, DTCC, Crédit Agricole CIB, Circle, Virtu, and others. In the transaction, the US Treasury bonds were held in custody by DTCC and tokenized to serve as collateral for USDC financing.

BlockBeats previously reported that on July 3rd, YZi Labs announced an investment in Digital Asset, the developer of the privacy-focused blockchain network Canton Network. This investment was made based on Digital Asset's $135 million Series E funding round announced on June 24th. This round of funding also included participation from major financial institutions such as DRW, Tradeweb, DTCC, Citadel Securities, and Goldman Sachs.