cryptonews.net
Digital Asset and a group of major financial firms completed the next phase of on-chain U.S. Treasury financing on the Canton Network. The network is a privacy-enabled blockchain designed for regulated financial markets. Digital Asset is a technology company developing distributed ledger infrastructure for institutions.
The latest transactions expand on the first on-chain financing executed in July. The working group now includes Bank of America, Brale, Circle, Citadel Securities, Cumberland DRW, Digital Asset, M1X Global, Societe Generale, Tradeweb, and Virtu Financial.
These firms represent global banks, trading platforms, and market-making companies. The new phase introduced multiple stablecoins, including SBC and USDM1, increasing available on-chain liquidity for financing operations.
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