24/7 financial rails: How BNY plans to eliminate the weekend lag in U.S. Treasuries
CoinDesk·
60-second summary
BNY Mellon is testing tokenized Treasuries on a private blockchain by year-end, aiming to eliminate weekend lag in U.S. Treasuries. The bank plans to expand its settlement network to cover more international trading hours, facilitating 24/7 financial rails. This move could streamline global Treasury trading, reducing settlement times and increasing market efficiency.
The bank will begin testing tokenized Treasuries on a private blockchain by year-end and expand its settlement network to cover more international trading hours.