BNY and Citadel complete first repo trade with tokenized US Treasury
- —BNY and Citadel executed the first tokenized Treasury trade on a triparty repo platform
- —Settlement took minutes instead of the standard next-business-day cycle
- —Citadel used the tokenized note as collateral for overnight financing
- —Deutsche Bank plans crypto custody in Germany and Asia expansion in 2027
Why it matters: Tokenized Treasuries are entering the institutional repo market, speeding settlement and freeing up bank capital.
Source: Crypto Briefing