Tradeweb announced the first real-time tokenized US Treasury transaction settled against USDCx on the Canton Network, where Franklin Templeton transferred the tokenized asset to Virtu Financial, marking a milestone in blockchain-based settlement for real-world assets.
Tradeweb has executed a landmark transaction on the Canton Network, where Franklin Templeton transferred a tokenized US Treasury holding to Virtu Financial. According to Tradeweb, this marks the first real-time tokenized US Treasury transaction settled against USDCx. The deal highlights the growing adoption of blockchain for instant settlement of traditional financial assets, particularly in the realm of tokenized real-world assets (RWAs).
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