The Canton Network has completed a third set of transactions in collaboration with Digital Asset and a consortium of leading financial institutions.
The round demonstrated cross-border intraday repo activity across multiple assets and currencies, expanded participation, and the use of tokenised commercial bank deposits.
Commenting on the development, Jørgen Ouaknine, global head of innovation and digital assets at Euroclear, said the initiative “unlocks new forms of liquidity.”
“As a trusted financial market infrastructure, we believe that meaningful progress in digital finance can only be achieved through close partnership with the market,” added Ouaknine.
“By combining our strong position at the heart of global collateral flows with our strategy to become a digital and data-enabled infrastructure, we aim to unlock new forms of liquidity and deliver real benefits for our clients.”
The working group includes new members Euroclear, Euronext, LSEG and TreasurySpring, alongside Cumberland DRW, Digital Asset, Societe Generale, Tradeweb and Virtu Financial.
“We are excited about the potential for our LSEG DiSH cash service to provide a real cash solution as the cash leg of any digital asset transaction,” added Bud Novin, head of payment systems and post trade solutions at LSEG.
