Virtu and Tradeweb Complete On-Chain Repo Transaction Using Marshall Islands Digital Bond
Source Summary
Virtu and Tradeweb completed a full on-chain repurchase agreement using a Marshall Islands-issued USDM1 bond as collateral. The transaction was executed on the Canton Network and finished in under 10 minutes.
Why it matters
This transaction demonstrates the practical application of blockchain technology to traditional financial market infrastructure, completing a repo cycle in under 10 minutes on-chain.
