Franklin Templeton transferred a tokenized US Treasury to Virtu Financial through Tradeweb on the Canton Network. Tradeweb described it as the first real-time transaction settled against USDCx.
Franklin Templeton transferred a tokenized US Treasury to Virtu Financial through Tradeweb on the Canton Network. Tradeweb described it as the first real-time transaction settled against USDCx.
Although the announcement does not establish broader market adoption, it provides a concrete example of a tokenized US Treasury changing hands through real-time digital settlement.
Tradeweb executed a real-time tokenized US Treasury transaction on the Canton Network, with Franklin Templeton transferring the asset to Virtu Financial. The transaction settled against USDCx.
Tradeweb said the transfer was the first real-time transaction of its kind to use USDCx for settlement. The development highlights an effort to connect tokenized traditional assets with blockchain-based settlement.
The transaction brought together Franklin Templeton as the sender and Virtu Financial as the recipient, while Tradeweb provided the execution framework on the Canton Network.
Although the announcement does not establish broader market adoption, it provides a concrete example of a tokenized US Treasury changing hands through real-time digital settlement.
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