Canton's industry working group completes tokenised gilt transactions
Find out about the most recent set of transactions carried out by Canton's working group involving tokenised gilts.
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.