More than 30 firms processed live trades with tokenized DTC securities in July, on Canton and on DTCC's private network. The commercial launch is due this month.
Franklin Templeton sold, Virtu Financial bought, and the security and the cash moved together. Tradeweb calls it the first real-time on-chain Treasury trade on its platform.
DRW and HIFI traded as principals and Marex acted as prime broker and settlement agent. Temple calls it the first such repo on an exchange venue; the size was not disclosed.
