Digital Asset and a group of leading financial companies have completed the next phase of on-chain US Treasury lending on the Canton Network. The network is a privacy-enabled blockchain designed for regulated financial markets. Digital Asset is a technology company developing distributed ledger infrastructure for institutions.
The latest transaction is an extension of the first on-chain financing executed in July. The working group currently includes Bank of America, Brale, Circle, Citadel Securities, Cumberland DRW, Digital Asset, M1X Global, Societe Generale, Tradeweb, and Virtu Financial.
These companies represent global banks, trading platforms and market-making companies. The new phase introduced multiple stablecoins, including SBC and USDM1, increasing on-chain liquidity available for fundraising operations.
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