BNY settles a treasury repo in minutes with Citadel Securities – A tokenization first
Oct 14 2026 11:00 UTC - Ishika Kumari
Here, Treasury retained its role as a financial asset while its digital representation moved through BNY’s existing market infrastructure.
➤ BNY Mellon and Citadel Securities successfully executed a triparty repo transaction using a tokenized 2-year U.S. Treasury note, settling in minutes.
➤ The tokenized Treasury was utilized not only for ownership and settlement but also to access liquidity through institutional financing, bypassing traditional T+1 settlement cycles.
➤ While demonstrating a significant institutional use case for faster, more efficient collateral management, this event does not signify an immediate market-wide transformation of traditional settlement systems.
Read more at: https://rwatimes.io/articles/ambcrypto-bny-settles-a-treasury-repo-in-minutes-with-citadel-securities-a-tokenization-first-159678871?utm_source=binance
Oct 14 2026 11:00 UTC - Ishika Kumari
Here, Treasury retained its role as a financial asset while its digital representation moved through BNY’s existing market infrastructure.
➤ BNY Mellon and Citadel Securities successfully executed a triparty repo transaction using a tokenized 2-year U.S. Treasury note, settling in minutes.
➤ The tokenized Treasury was utilized not only for ownership and settlement but also to access liquidity through institutional financing, bypassing traditional T+1 settlement cycles.
➤ While demonstrating a significant institutional use case for faster, more efficient collateral management, this event does not signify an immediate market-wide transformation of traditional settlement systems.
Read more at: https://rwatimes.io/articles/ambcrypto-bny-settles-a-treasury-repo-in-minutes-with-citadel-securities-a-tokenization-first-159678871?utm_source=binance