RWATimes on Nostr: 📰 Did Virtu, Tradeweb and M1X Just Complete the First Fully Onchain Sovereign ...
📰 Did Virtu, Tradeweb and M1X Just Complete the First Fully Onchain Sovereign Repo?
🗓️ Aug 26 2026 16:52 UTC - Andrew Samu
Virtu Financial, Tradeweb and M1X Global shared today that they have completed the first fully onchain repo transaction in which the securities leg was a Virtu, Tradeweb and M1X completed a fully onchain repo on Canton using USDM1, a Marshall Islands sovereign digital bond backed 1:1 by Treasuries. Atomic settlement, no prime broker.
➤ Virtu, Tradeweb, and M1X Global have executed the first fully onchain repo transaction using a natively issued sovereign digital bond (USDM1) from the Marshall Islands.
➤ The transaction settled atomically on the Canton Network, eliminating the need for prime brokers and enabling same-day collateral reuse, a significant improvement over traditional T+1 systems.
➤ This development aims to enhance collateral efficiency and bridge traditional finance with digital asset rails, though its market-wide adoption and acceptance by regulators and auditors remain to be seen.
#onchainrepo #sovereigndigitalbond #virtufinancial #tradeweb #m1xglobal #cantonnetwork #usdm1 #atomicsettlement #collateralefficiency #institutionalmarkets
🔗 Read more at:
https://rwatimes.io/articles/disruptionbanking-did-virtu-tradeweb-and-m-1-x-just-complete-the-first-fully-onchain-sovereign-repo-3137148054Published at
2026-08-27 05:37:12 CESTEvent JSON
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"content": "📰 Did Virtu, Tradeweb and M1X Just Complete the First Fully Onchain Sovereign Repo?\n🗓️ Aug 26 2026 16:52 UTC - Andrew Samu\n\nVirtu Financial, Tradeweb and M1X Global shared today that they have completed the first fully onchain repo transaction in which the securities leg was a Virtu, Tradeweb and M1X completed a fully onchain repo on Canton using USDM1, a Marshall Islands sovereign digital bond backed 1:1 by Treasuries. Atomic settlement, no prime broker.\n\n➤ Virtu, Tradeweb, and M1X Global have executed the first fully onchain repo transaction using a natively issued sovereign digital bond (USDM1) from the Marshall Islands.\n➤ The transaction settled atomically on the Canton Network, eliminating the need for prime brokers and enabling same-day collateral reuse, a significant improvement over traditional T+1 systems.\n➤ This development aims to enhance collateral efficiency and bridge traditional finance with digital asset rails, though its market-wide adoption and acceptance by regulators and auditors remain to be seen.\n\n#onchainrepo #sovereigndigitalbond #virtufinancial #tradeweb #m1xglobal #cantonnetwork #usdm1 #atomicsettlement #collateralefficiency #institutionalmarkets\n\n🔗 Read more at: https://rwatimes.io/articles/disruptionbanking-did-virtu-tradeweb-and-m-1-x-just-complete-the-first-fully-onchain-sovereign-repo-3137148054",
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