cryptonews.net
Digital Asset completed a fourth round of transactions on the Canton network together with a group of major financial institutions. The new phase focused on cross-border intraday repurchase agreements and showed further expansion across asset classes and currencies.
Digital Asset develops blockchain infrastructure for financial markets. The project is supported by firms including LSEG, Euroclear, Citadel Securities, Tradeweb, Societe Generale, Virtu Financial, The Depository Trust & Clearing Corporation, Cumberland DRW, TreasurySpring, Archax and IntellectEU.
For the first time, participants executed cross-border intraday repo transactions using tokenized UK government bonds. The round also included the first cross-currency intraday repo deal with tokenized gilts against non-GBP tokenized deposits. Previous tests in December 2025 covered multiple asset classes and currencies and used tokenized deposits as collateral.
The working group also reported broader participation from European institutions. Archax joined the initiative, while existing members increased their activity.
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