📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
US Financial Institution Completes First Tokenization of US Treasury Bonds for 24/7 Trading on Canton Network | CoinDesk JAPAN
Digital asset company Digital Asset and several major U.S. financial institutions executed the first real-time, fully on-chain transaction of tokenized U.S. Treasury bonds collateralized by USDC on the Canton Network developed by Digital Asset.
According to the release, the transaction took place on Saturday, August 3. In traditional payment systems, transactions are limited to weekdays.
In the transaction, US government bonds that were stored at DTCC (Depository Trust & Clearing Corp.) were first tokenized on the Canton Network. The Canton Network is a privacy-focused blockchain developed for digital assets.
The transaction involved Bank of America, Circle, Citadel Securities, Cumberland DRW, DTCC, Hidden Road, Societe Generale, Virtu Financial, and Tradeweb. Many of these companies participated in the $135 million funding round conducted by Digital Assets in June.
The tokenization of U.S. Treasury bonds, which are important collateral assets in the global market, is part of a broad initiative to bring real-world assets (RWA), including financial products, on-chain. Banks and asset management companies around the world are exploring the use of tokenization to aim for shorter settlement times, improved transparency, and 24-hour market operations.
The financial institutions participating in this transaction stated that this case is a step towards a unified market structure that blends "the scale of traditional finance" and "the programmability of decentralized blockchain." Further transactions are scheduled for later this year.
Kelly Mathieson, the Chief Business Development Officer of Digital Asset, stated in a press release, "This transaction demonstrates that by leveraging on-chain assets, we can achieve real-time collateral mobility and 24/7 financing, fundamentally building the foundation for an efficient and accessible global financial system."