CryptoSlate
A consortium including Bank of America, Citadel Securities, and the DTCC has completed a weekend US Treasury repurchase agreement using atomic on-chain settlement — with USDC as the settlement asset on the Canton Network. The test, conducted on a Saturday when traditional repo markets are dark, marks a significant step toward round-the-clock institutional fixed-income settlement.
The repo market is one of Wall Street's most critical but least visible plumbing systems, processing trillions in short-term collateralized lending daily. Moving even a slice of that activity onto a permissioned blockchain with atomic settlement — where cash and collateral exchange simultaneously with no counterparty risk window — is the kind of structural upgrade that TradFi has been theorizing about for years.
For USDC and the Canton Network, landing names like BofA, Citadel, and DTCC as live participants…
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