BNY Mellon, Citadel Securities complete tokenized U.S. Treasury triparty repo trade
BNY completed a tokenized U.S. Treasury triparty repo workflow with Citadel Securities, a first for a major triparty repo platform. Citadel Securities bought a 2-year U.S. Treasury note on Tradeweb, then recorded a tokenized representation on BNY’s private digital ledger. The tokenized security settled within minutes,