Bloomberg: Canton Allows Financial Giants to Conduct Repo Transactions Outside Regular Trading Hours
According to a report by Jinse Finance, unlike traditional Wall Street trading methods, some financial giants conducted U.S. Treasury transactions as digital dollars on a crypto blockchain this Saturday. The transaction was executed via Tradeweb on the Canton Network, signaling that future trading may no longer be limited to the standard workweek. The public blockchain Canton, developed by Digital Asset Holdings, served as the bridge for these transactions, enabling standard U.S. Treasury repurchase agreements (or repos) to be carried out outside of regular trading hours. This on-chain transaction connects traditional asset classes with the round-the-clock operation of cryptocurrencies.
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