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Bloomberg: Canton allows financial giants to engage in repurchase transactions outside of normal trading hours.
Golden Finance reported that, unlike the traditional market trading methods on Wall Street, some financial giants utilized encryption blockchain on Saturday to trade U.S. Treasury bonds for digital dollars. This transaction was conducted through Tradeweb on the Canton network, signaling that future trading will no longer be limited to the standard workweek. The public blockchain Canton developed by Digital Asset Holdings is used as a bridge for trading, allowing standard US Treasury repurchase agreements (also known as repo trades) to take place outside of normal trading hours. This on-chain trading connects traditional asset classes with cryptocurrency that operates around the clock.