Tradeweb, an institutional electronic trading platform, has completed what it describes as the first real-time purchase and sale of a tokenized US Treasury security settled against USDCx, a U
Tradeweb, an institutional electronic trading platform, has completed what it describes as the first real-time purchase and sale of a tokenized US Treasury security settled against USDCx, a USDC-backed stablecoin issued on the Canton Network.
The transaction saw Franklin Templeton transfer a tokenized Treasury security to Virtu Financial in exchange for tokenized cash. Tradeweb handled execution and price discovery, while the Canton Network synchronized settlement between the two tokenized assets in real time. The companies did not disclose the size of the trade.
