BNY and Citadel Securities test tokenized U.S. Treasuries

BNY and Citadel Securities have tested tokenized U.S. Treasuries to speed up Wall Street financing, with the transaction showing how blockchain-based government bonds could help trading firms move collateral faster between settlement and financing.

• The pilot explores tokenized Treasuries as a faster collateral-movement rail for trading firms.
• No scope, volumes or rollout plans were disclosed in the initial report.