CoinDesk·3 min read·hard
24/7 financial rails: How BNY plans to eliminate the weekend lag in U.S. Treasuries
F
Francisco Rodrigues
✦AI Summary
BNY is testing the use of tokenized U.S. Treasuries on a private blockchain to facilitate 24/7 settlement. This initiative aims to eliminate weekend lags in traditional financial markets by leveraging stablecoin reserve management.
The bank will test tokenized Treasuries on a private blockchain by the end of the year and will extend its existing settlement network later this year to cover more of the Asian, European and U.S. trading days, according to a letter sent to clients reported by Bloomberg .
technologycryptoeconomy
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