Financial institutions complete their first on-chain cross-border intraday repurchase transaction on the Canton network

【Crypto World】A coalition formed by well-known financial institutions successfully launched the third transaction on the Canton network. This operation made history in the industry — the first time cross-border intraday repurchase agreements have been implemented on-chain. The transaction covered a wide range of assets, including European government bonds, US Treasuries, and cash in European and American currencies. The most notable breakthrough is in liquidity: a tokenized deposit platform launched by a well-known exchange group provides a native on-chain cash channel for transactions, meaning market participants no longer need to rely on stablecoins to settle large transactions, but can directly interact with real fiat currency on-chain. The expanding roster of participants indicates that the network’s attractiveness is increasing. New institutions joining include European settlement service providers, European exchanges, global clearing giants, and fintech platforms, demonstrating that the Canton network is establishing deeper roots in the European capital markets. This series of actions shows that distributed ledger technology is gradually transforming the infrastructure of traditional financial markets, with the vision of 24/7 seamless trading and around-the-clock liquidity moving from concept to reality.