Onchain cross-border intraday repo transactions represent another industry-first
Digital Asset, in collaboration with a consortium of leading financial institutions, announced the completion of a third set of transactions on the Canton Network. This latest set of transactions marks a major milestone for the industry working group, spanning cross-border intraday repo activity across multiple assets and currencies and leveraging tokenized deposits at LSEG Digital Settlement House (LSEG DiSH) to provide greater liquidity options.
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Members of the working group focused on advancing on-chain initiatives with new members Euroclear, Euronext, LSEG, and TreasurySpring, as well as Cumberland DRW, Digital Asset, Societe Generale, Tradeweb, and Virtu Financial.
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Building off strong momentum across the Canton Network’s Global Collateral Network, this strategic milestone illustrates several new developments:
- Multi-Asset and Multi-Currency Versatility Paired with Cross-Border Mobility: For the first time, intraday repurchase transactions were conducted cross-border using multiple currencies and multiple asset classes, including European Government Bonds, U.S. Treasuries, Euro cash, and US Dollar cash.
- Expanded Participation: The working group welcomed additional institutions, LSEG, Euroclear and Euronext, underscoring traction across European markets. LSEG leveraged its tokenized deposit platform (LSEG DiSH) as part of each transaction, enabling its application on the Canton Network.
- LSEG DiSH: Increased Liquidity via Tokenized Deposits: By using tokenized commercial bank deposits instead of stablecoins, the transactions created a true on chain cash option, LSEG DiSH allows users to instantaneously transfer commercial bank deposits to any member of the DiSH network, tokenizing actual cash which is transferable 24/7 in real time, without requiring users to have relationships with every bank on the DiSH network. These deposits were tokenized on Canton for use as a true cash leg of each intraday repo transaction.
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This transaction demonstrates increased global collateral mobility in action and is part of continued acceleration toward a scalable, always-on capital markets infrastructure. The working group will continue to collaborate on additional groundbreaking on-chain financing initiatives in 2026.
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Source : prnewswire