On August 12, according to CoinDesk, Digital Asset, together with multiple Wall Street institutions, completed the first real-time on-chain U.S. Treasury financing transaction on its privacy interoperable blockchain network Canton Network, using USDC stablecoin and tokenized U.S. Treasuries to achieve instant settlement over the weekend, bypassing traditional settlement restrictions limited to working days. The repurchase transaction was executed through Tradeweb, with participants including Bank of America, Citadel, DTCC, Societe Generale, Circle, Virtu, and others. In the transaction, U.S. Treasuries were custodied and tokenized by DTCC, serving as collateral for USDC financing.
BlockBeats previously reported that on July 3, YZi Labs announced its investment in Digital Asset, the developer of the privacy blockchain network Canton Network. This investment was made on the basis of Digital Asset's $135 million Series E funding round announced on June 24. The round also included participation from major financial institutions such as DRW, Tradeweb, DTCC, Citadel Securities, and Goldman Sachs.
