Business
The Canton Network's Industry Working Group Demonstrates Next Phase of Onchain U.S. Treasury Financing on Canton Network
Digital Asset, in collaboration with a consortium of leading financial institutions, today announced the completion of a second set of pioneering transactions on the Canton Network, building upon the momentum of the initial onchain U.S. Treasury financing completed in July. This milestone demonstrates progression toward a scalable, always-on capital markets infrastructure, showcasing expanded onchain liquidity, broader participation, and, for the first time, real-time collateral reuse.
About this update from Virtu Financial, Inc.
[{"type":"text","content":"NEW YORK, Dec. 9, 2025 /PRNewswire/ -- Digital Asset, in collaboration with a consortium of leading financial institutions, today announced the completion of a second set of pioneering transactions on the Canton Network, building upon the momentum of the initial onchain U.S. Treasury financing completed in July. This milestone demonstrates progression toward a scalable, always-on capital markets infrastructure, showcasing expanded onchain liquidity, broader participation, and, for the first time, real-time collateral reuse.","length":529,"tagName":"p"},{"type":"image","alt":"Canton Network Ecosystem (PRNewsfoto/Digital Asset (US) Corp.)","displaySize":"","headline":null,"caption":"Canton Network Ecosystem (PRNewsfoto/Digital Asset (US) Corp.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":70,"url":"https://media.zenfs.com/en/prnewswire.com/5540fba78b6ae3ea9a12be05f43e8a91"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Bhhn_it0JBqY7gublPgDbA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEyMztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/5540fba78b6ae3ea9a12be05f43e8a91","width":400,"height":70}},"href":"https://mma.prnewswire.com/media/2470323/Digital_Asset_Primary_Blue__1_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Members of the working group focused on advancing onchain initiatives include: Bank of America, Brale, Circle, Citadel Securities, Cumberland DRW, Digital Asset, M1X Global, Societe Generale, Tradeweb, and Virtu Financial.","length":222,"tagName":"p"},{"type":"text","content":"This second round of transactions underscores the rapid pace of development in the Canton Network's Global Collateral Network. Building on the inaugural transaction, which established the feasibility of fully onchain U.S. Treasury financing against USDC, this latest milestone demonstrates:","length":294,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"More Stablecoin Liquidity: Multiple stablecoins were used, including SBC and USDM1, significantly broadening the sources of onchain liquidity available for financing transactions.","length":179,"tagName":"p"}]},{"val":[{"type":"text","content":"Expanded Participation: The working group welcomed additional institutions, including Brale and M1X Global, alongside deeper involvement from existing members...