Repo tokens won’t be cleared. Or will they?
Uncertainty lingers over clearing status of tokenised Treasuries, with decision likely devolved to DTCC
This article is the last in a three-part series on tokenised US Treasuries
The picture is starting to take shape. Tokenisation of US Treasuries will happen later this year, after a 30-strong group of market-makers, dealers and tech firms successfully trialled a series of transactions using digital twins of real-life securities in a July experiment hosted by the Depository Trust & Clearing
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