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.
The transaction surpasses prior on-chain repo activities by providing near-instant, atomic settlement on a public blockchain, outside of traditional market hours, on weekends
The US Securities and Exchange Commission has issued answers to FAQs that broker-dealers have posed to the staff regarding the customer protection rule