stable coins
By James Thorp
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What Canton Network Actually Did Here. Canton isn't some generic blockchain. It was built specifically for institutional finance, with…
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Who's Watching — and What Comes Next. Digital Asset and the American Idea Foundation — the latter led by former US House Speaker Paul…
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Virtu Financial and Tradeweb just pulled off something the institutional repo world hasn't seen before.
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The collateral at the center of the deal was USDM1, a US dollar-denominated bond issued onchain by the Republic of the Marshall Islands.
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It's the first time a sovereign digital bond has been used as collateral in this kind of framework.
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Canton isn't some generic blockchain. It was built specifically for institutional finance, with privacy controls and permissioning features that let regulated entities transact…
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The Virtu-Tradeweb deal didn't happen in a vacuum either. In July, Tradeweb already used Canton to enable the real-time transfer of a tokenized US Treasury — a smaller move, but…
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So it's not one isolated deal. Canton's been stacking use cases month over month.
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Digital Asset and the American Idea Foundation — the latter led by former US House Speaker Paul Ryan — announced plans for a 2027 pilot that would use Canton to distribute…
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More context: Dallas Fed Warns Tokenized Deposits Could Lead to $700 Billion Credit Crisis
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But the repo angle is probably where the near-term action is. Repo markets are massive, deeply liquid, and almost entirely dependent on legacy settlement infrastructure that can…
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Not everyone's convinced yet. Widespread institutional adoption of onchain repo remains uncertain, and the USDM1 bond is still a niche instrument.
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Still, the custody piece matters here. Having Anchorage Digital, BitGo, and tZERO involved means the infrastructure isn't ad hoc. These are regulated, battle-tested platforms.
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The cross-chain swap engine from FalconX and Interstice adds another layer. Connecting Canton to Ethereum and Solana means assets and liquidity don't have to stay siloed inside…
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Read also: Bithumb Prevails in Lawsuit Over Massive 620,000 Bitcoin Distribution Error
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