The working group of institutions sent cross-border intraday repo transactions with tokenised Gilts, and welcomed another participant to the group.
Digital Asset, along with a consortium of financial institutions such as Citadel Securities, Tradeweb, and Société Générale, completed the fourth set of institutional-focused transactions on the Canton Network.
The current set of transactions focused oncross-border intraday repo transactions using tokenised Gilts, and were also conducted against non-GBP tokenised deposits. This builds upon the previous transactions where cross-border intraday repurchases were made across multiple asset classes, currencies, and leveraged tokenised deposits.
The working group also welcomed digital asset exchange Archax into the circle and plans to continue to collaborate on similar on-chain initiatives throughout the year.
‘’With greater asset diversity and expanded participation from partners, we are paving the way for more efficient, liquid, and scalable capital markets,’’ said Kelly Mathieson, Chief Business Development Officer, Digital Asset.
Graham Rodford, CEO and co-founder of Archax, said: “We were delighted to have Archax join Digital Asset, Citadel Securities, TreasurySpring and their consortium of other leading financial institutions, and support them with this intraday repo transaction using digital Gilts on the Canton Network.”
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