Canton’s industry working group has completed its first cross-border intraday repo with tokenised gilts.
This fourth set of transactions showcases continued momentum in cross-border intraday repurchase activity across a growing variety of asset classes.
Participants included: LSEG, Euroclear, Citadel Securities, Tradeweb, Societe Generale, Virtu Financial, The Depository Trust & Clearing Corporation (DTCC), Digital Asset, Cumberland DRW, TreasurySpring, Archax and IntellectEU.
This set of transactions marks the first time cross-border intraday repo transactions were conducted using tokenized gilts. In addition, this round featured the first cross-currency intraday repo transaction executed using tokenised gilts against non-GBP tokenized deposits.
Brian Steele, managing director, president, clearing & securities services at DTCC, said: “This latest use case on cross-border intraday repo activity confirms the growing opportunity and demand for seamless financial infrastructure that provides a robust foundation for a digital future.”
Chris Elms, CEO, Euroclear UK & International (EUI) commented: “By enabling real-time, cross-border collateral mobility, EUI is helping unlock new sources of liquidity. Our focus remains on delivering digital asset solutions that generate meaningful value for clients and create a more connected and efficient marketplace.”
The working group plans to continue to collaborate on more on-chain financing initiatives throughout 2026.
