Blockchain trial on Canton Network tests collateral reuse with tokenized US Treasurys
A Canton Network trial successfully tested real-time collateral reuse using tokenized US Treasurys and multiple stablecoins.Summary
Digital Asset and several financial institutions completed a second trial on the Canton Network, demonstrating real-time collateral reuse with tokenized US Treasurys financed by multiple stablecoins, expanding liquidity beyond the initial pilot.
The trial involved major players like Bank of America, Citadel Securities, and Circle, proving that tokenized US Treasurys could be passed between counterparties and reused as collateral instantly, bypassing traditional finance's operational delays associated with rehypothecation.
This success is viewed as a blueprint for future institutional finance, aligning with the Canton Network's broader expansion in tokenizing real-world assets (RWAs), evidenced by recent strategic funding and the migration of Franklin Templeton's Benji Investments platform to the network.
(Source：Cointelegraph)