A rookie’s guide to tokenised Treasuries

This article, the first in three-part series on tokenised US Treasuries, explains the mechanics of the instruments

Every day, thousands of companies use US Treasury bonds to pledge collateral, borrow in the repo market and post margin to a central counterparty.

On July 15, a group including Goldman Sachs, JP Morgan and Citadel Securities did just that – but with a twist. The Treasuries were digital

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