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.
Growth was recorded across multiple regions and products during the month, highlighting both the breadth of activity on the platform and the increasing connectivity of its global network
The fund is Federated Hermes' first product designed to satisfy the requirements for eligible reserve assets that payment-stablecoin issuers are required to maintain under the GENIUS Act
The daily average is a 220 per cent increase year-on-year, underscoring the continued adoption of tokenised real-asset settlement and the growing role of DLT
This rise was driven by an 49 per cent YoY rise in GC Pooling average daily TAV to €318 billion, and an 45 per cent YoY increase in special repo average daily TAV to €256.5 billion
The report looks at the technology itself, the types of digitalised cash and assets that can be used in DLT repo, and how DLT was applied to repo between 2017 and 2025