BNY Completes First Tokenized U.S. Treasury Triparty Repo with Citadel Securities

BNY and Citadel Securities completed the first triparty repo workflow using a tokenized U.S. Treasury note on a major platform, settling near-instantly before use as overnight collateral. The transaction marks a milestone for tokenized assets in traditional finance, demonstrating how blockchain rails can speed up collateral settlement in institutional markets.