Wall Street accelerating blockchain adoption… "US Treasury bonds traded even on weekends"

The adoption of blockchain by Wall Street in the United States is gaining momentum.

Bloomberg reported on the 12th (local time), "Wall Street used blockchain to trade US Treasury bonds with digital dollars last weekend," adding, "This transaction hints at a future where financial transactions are no longer limited to ordinary business days."

This transaction utilized the public blockchain 'Canton' developed by Digital Asset Holdings. Bloomberg noted, "(Canton) enables US Treasury repo trades to be executed outside of regular trading hours," and "(such) on-chain transactions serve as a bridge connecting traditional asset classes with the 24/7 operating cryptocurrency market."

This was the first time US Treasury bonds had been traded without going through intermediaries. Don Wilson, CEO of trading firm DRW, told Bloomberg, "(This transaction) marked the first issuance of US Treasury bonds directly on-chain without involving dealers or brokers," and "Now, it allows trading 24 hours a day without any additional counterparty risk."