đŠ SOCIĂTĂ GĂNĂRALE TRANSFERS $10 MILLION IN TOKENIZED TREASURY BONDS AS COLLATERAL
đ” $10 million transaction through DTCCâs tokenization service: SociĂ©tĂ© GĂ©nĂ©rale transferred $10 million in tokenized U.S. Treasury bonds as collateral through DTCCâs tokenization service on the Canton network, according to Canton Network.
đ Tokenized collateral can be transferred between participants: Salim Nemouchi, SociĂ©tĂ© GĂ©nĂ©raleâs Global Head of Americas Equities, said the transaction shows that tokenized collateral can be transferred between market participants.
đïž Initial scope focuses on bonds held in custody at DTC: The service initially focuses on U.S. Treasury bonds held by DTCC members and kept in custody at DTC, laying the groundwork for expansion into other forms of financing.
đ€ïž This signals that tokenized assets are entering the traditional financial system. The market will be watching to see whether recurring transactions and repo financing are introduced soon.
$ONDO $LINK $ETH
đ” $10 million transaction through DTCCâs tokenization service: SociĂ©tĂ© GĂ©nĂ©rale transferred $10 million in tokenized U.S. Treasury bonds as collateral through DTCCâs tokenization service on the Canton network, according to Canton Network.
đ Tokenized collateral can be transferred between participants: Salim Nemouchi, SociĂ©tĂ© GĂ©nĂ©raleâs Global Head of Americas Equities, said the transaction shows that tokenized collateral can be transferred between market participants.
đïž Initial scope focuses on bonds held in custody at DTC: The service initially focuses on U.S. Treasury bonds held by DTCC members and kept in custody at DTC, laying the groundwork for expansion into other forms of financing.
đ€ïž This signals that tokenized assets are entering the traditional financial system. The market will be watching to see whether recurring transactions and repo financing are introduced soon.
$ONDO $LINK $ETH
