Tradeweb, Virtu, M1X Global complete first fully onchain repo using sovereign digital bond collateral

Reuters2026/08/27 19:34

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Tradeweb collaborated with Virtu Financial, M1X Global on a fully onchain repo using USDM1 sovereign digital bond collateral.
Transaction ran on the Canton network with atomic onchain settlement for securities delivery, cash leg, return; full cycle completed in under 10 minutes.
Repo executed bilaterally on Tradeweb between regulated institutional counterparties, marking the first such venue-led trade without prime broker intermediation.
USDM1 is a Marshall Islands sovereign bond issued natively onchain, backed 1:1 by short-dated US Treasuries held in bankruptcy-remote custody.
Parties framed the deal as a step toward higher collateral velocity, lower settlement exposure, improved capital efficiency for institutional secured financing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tradeweb Markets Inc. published the original content used to generate this news brief on August 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Tradeweb, Virtu, M1X Global complete first fully onchain repo using sovereign digital bond collateral

You may also like

Crypto prices