BNY Mellon and Citadel Securities test tokenized Treasury bonds

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BNY Mellon and Citadel Securities conducted a transaction involving tokenized U.S. Treasuries. The test demonstrated how blockchain-based government bonds could accelerate financial operations. Specifically, the technology aims to help trading firms move collateral more rapidly between settlement and financing stages. This initiative represents a Wall Street exploration of using blockchain to improve efficiency in financial markets.

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