Citadel then used the tokenized security as collateral to secure overnight cash from BNY. The bank reported that the note settled in minutes instead of the usual next day, allowing the firm to obtain immediate liquidity against the holding and demonstrating a significant acceleration in the speed of collateralized borrowing.
Wednesday, October 21, 2026
Story
Citadel and BNY Complete First Tokenized US Treasury Transaction
Crypto7 days ago
Settlement of a government bond now takes minutes rather than the standard overnight cycle following a new blockchain pilot by two financial institutions. Citadel Securities and BNY completed the first blockchain based tokenized US Treasury transaction, using a private ledger to bypass traditional clearinghouse delays and finalize the transfer of the asset almost instantaneously.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.