COINDESK · 2026-10-13 21:52 UTC

BNY, Citadel Securities test tokenized U.S. Treasuries to speed up Wall Street financing

BNY and Citadel Securities completed a transaction using tokenized U.S. Treasuries to demonstrate how blockchain could speed up collateral movement between trading and financing on Wall Street. The test shows how tokenized government bonds could allow firms to reuse collateral sooner and free up cash, with BNY planning to introduce more digital cash and tokenized deposit capabilities. BNY also plans to extend operating hours of its settlement systems to reach European and Asian trading hours next year.

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