BNY, Citadel Securities complete Treasury repo in first use of tokenized assets on major triparty platform

60-second summary

BNY Mellon and Citadel Securities finish the inaugural tokenized U.S. Treasury repo on a leading triparty platform, marking the first use of digital assets for such a transaction. The workflow digitizes collateral handling, reduces settlement time and cuts operational costs, while showcasing blockchain’s viability in wholesale finance. This success could accelerate tokenized‑asset adoption across the broader treasury and repo markets.