AscendFi and M1XGlobal complete first institutional repo on Stellar
- —The transaction is the first institutional repo deal on the Stellar network
- —USDM1, backed by U.S. Treasuries, served as collateral
- —The repo was completed on October 23, 2026
Why it matters: The deal shows Stellar moving into traditional repo markets, a step toward broader institutional adoption of blockchain settlement.
Source: Coinfomania