Virtu, M1X, and Tradeweb Complete On-Chain Repo Transaction Using Marshall Islands Digital Bonds

Virtu Financial, M1X Global, and Tradeweb executed an on-chain repo trade using the Marshall Islands' USDM1 digital sovereign bond as collateral. Settled on the Canton Network within 10 minutes, this marks the first instance of combining natively issued sovereign collateral with fully on-chain atomic settlement. The USDM1 bond is a dollar-denominated instrument backed 1:1 by short-term U.S. Treasury bills, with custody services provided by Anchorage Digital, BitGo, and tZERO.