October 13th 2026, 9:52 PM
BNY and Citadel Test Tokenized US Treasuries for Faster Wall Street Financing
Key Summary
BNY Mellon and Citadel Securities are testing tokenized US Treasuries to speed up Wall Street financing, utilizing blockchain technology for faster settlement and collateral usage. This initiative aims to enhance the efficiency of the financial system, but its long-term implications on the industry are yet to be seen.
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Background
Citadel Securities and BNY Mellon have been advancing tokenized US Treasury initiatives, using blockchain technology for faster settlement and collateral usage. This approach does not involve cryptocurrency, as the tokenized Treasuries are digital wrappers for government bonds.Recent Developments
The full Tokenization Service of the Depository Trust & Clearing Corporation (DTCC) is scheduled for a voluntary launch in October 2026, covering US Treasuries and selected ETFs.Market Impact
The launch of the 21shares Anthropic Synthetic ETP may boost Anthropic's perceived market cap ahead of a possible IPO. Market participants will closely monitor Anthropic's forthcoming disclosures and regulatory actions, which could significantly influence valuation expectations.Key Entities
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#BNY#US#WallStreet#TokenizedTreasuries