BNY Mellon, Citadel Securities complete tokenized U.S. Treasury triparty repo trade
Bitget2026/10/13 20:14- BNY completed a tokenized U.S. Treasury triparty repo workflow with Citadel Securities, a first for a major triparty repo platform.
- Citadel Securities bought a 2-year U.S. Treasury note on Tradeweb, then recorded a tokenized representation on BNY’s private digital ledger.
- The tokenized security settled within minutes, then served as collateral in an overnight triparty repo, with BNY providing cash.
- BNY plans additional digital cash and tokenized deposit capabilities to support on-chain settlement and financing for institutional clients.
- The bank expects to extend operating hours for Fed-eligible securities settlement and U.S. triparty transactions into European and Asian hours next year.
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