BNY and Citadel Securities settled a tokenized two-year U.S. Treasury within minutes, then used it for overnight financing. BNY targets 24/7 services in 2027.
DTCC is scheduled to begin limited production trades of tokenized DTC-custodied securities on July 15, a test covering eligible U.S. stocks, ETFs and Treasuries.
DTCC plans to mint DTC-custodied U.S. Treasuries on Digital Asset’s Canton Network, targeting a 1H 2026 MVP after $3.7 quadrillion processed.