Stocks sold off this week as investors moved into US Treasuries.

And Treasuries are useful for more than just being a safe haven.

Last month, BNY settled a tokenized Treasury in minutes, and Citadel Securities used it to borrow cash overnight.

Normally, settling a Treasury trade takes until the next business day. Here the asset was ready to use as collateral within minutes.

Bringing assets onchain so they can move instantly and be productive is what TradFi is trying to catch up to.