Institutional Blockchain Milestones: BNY/Citadel & S&P Onchain
BNY Mellon and Citadel Securities completed a blockchain-based financing transaction using tokenized US Treasuries as collateral. Separately, the S&P reportedly executed its first-ever onchain derivatives swap.
What we know
@CoinDesk reported BNY Mellon and Citadel Securities completed a landmark blockchain financing deal using tokenized US Treasuries as collateral — a significant step toward mainstream institutional DeFi rails. @CoinbaseMarkets included in its daily roundup that the S&P executed its first-ever 'onchain derivatives swap,' alongside Michael Saylor declaring Bitcoin at the 'beginning of a bull market.' Together these signal accelerating institutional adoption of tokenized financial infrastructure.
Sources
“BNY and Citadel Securities complete a blockchain-based financing transaction using tokenized U.S. Treasuries as collateral”
View post →“The S&P executes its first ever 'onchain derivatives swap'. Michael Saylor says Bitcoin is at the 'beginning of a bull market'”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.