Digital Asset and Global Financial Consortium Complete Fourth Canton Milestone, Expanding Cross-Border Intraday Repo Activity

25 February 2026 | Wednesday | News

Latest Transactions Introduce Tokenized Gilts and First Cross-Currency Intraday Repo, Advancing 24/7 Collateral Mobility and Always-On Capital Markets Infrastructure**
Picture Courtesy | Public Domain

Picture Courtesy | Public Domain

Digital Asset, in collaboration with a consortium of leading financial institutions, announced the completion of a fourth set of transactions on Canton. This latest set of transactions showcases continued momentum in cross-border intraday repurchase activity across a growing variety of asset classes.

Participants included: LSEG, Euroclear, Citadel Securities, Tradeweb, Societe Generale, Virtu Financial, The Depository Trust & Clearing Corporation (DTCC), Digital Asset, Cumberland DRW, TreasurySpring, Archax, and IntellectEU.

Following the working group's third set of transactions conducted in December 2025, which featured cross-border intraday repurchase transactions across multiple asset classes and multiple currencies and leveraged tokenized deposits, this latest milestone demonstrates:

  • Asset Diversification and Cross-Currency Momentum: For the first time, cross-border intraday repo transactions were conducted using tokenized Gilts. In addition, this round featured the first cross-currency intraday repo transaction executed using tokenized Gilts against non-GBP tokenized deposits.
     
  • Growing Participation: The working group welcomed Archax, a regulated digital asset exchange, broker, and custodian, and deeper involvement from existing members, such as TreasurySpring, LSEG, Euroclear, Citadel Securities, and IntellectEU, illustrating continued traction in European markets.

These transactions underscore the value of 24/7, global collateral mobility in action and help further the acceleration toward a more scalable, always-on capital markets infrastructure. The working group plans to continue to collaborate on groundbreaking on-chain financing initiatives throughout 2026.

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