A form of short-term borrowing for dealers in government securities, where the dealer sells the government securities to investors, usually on an overnight basis, and buys them back the following day.
In collaboration with Digital Asset, Progmat, and four MUFG companies, the proof-of-concept aims to apply blockchain technology to secondary‑market repo activity by enabling automated lifecycle processes and real‑time settlement
According to the firm, this milestone is an important step towards improving collateral mobility in the Canadian repo market with full automation of repo collateral and unlimited real-time substitution
The increase reflects the continued evolution of tokenised market infrastructure and the expanding role of distributed ledger technology in modernising funding and collateral markets, the firm states
This was driven by an 63 per cent YoY rise in GC Pooling average term-adjusted volume to €319.1 billion, and a 53 per cent YoY increase in special repo to €295.3 billion
Ed Corral will lead initiatives at the intersection of traditional and decentralised finance, with a particular focus on collateral mobility and optimisation through tokenisation