BNY said it expects to extend settlement hours for Federal Reserve-eligible securities and U.S. triparty transactions to European and Asian hours next year.
BNY and Citadel Securities completed a tokenized Treasury collateral transaction, BNY said.
BNY also said it expects to extend settlement hours for Federal Reserve-eligible securities and U.S. triparty transactions to European and Asian hours next year.
Reported by The Wrap desk from provided coverage item. Published . Corrections
The $911 billion manager says money market funds are a likely starting point and has not named the funds or blockchains.
BNY also says it expects to extend settlement hours for Federal Reserve-eligible securities and U.S. triparty transactions to European and Asian hours next year.
The $911 billion manager says money market funds are a likely starting point and has not named the funds or blockchains.
The Hong Kong dollar token is fully backed by high-quality liquid assets in separate accounts; a tokenized money market fund share class is next.
The brokerage formerly known as Hidden Road announced the service on Oct. 15, with Virtu already trading.
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