BitGo Supported Tokenized Collateral in DTCC Production Event

BitGo Bank & Trust, National Association, supported custody and settlement for tokenized collateral in DTCC’s July 15 production event, putting Canton to work in live U.S. securities trades. More than 30 firms joined the limited production event. The Depository Trust & Clearing Corporation (DTCC) conducted real transactions involving U.S. Treasurys and equities. BitGo’s role covered Treasury and equity collateral used in institutional repo and reverse repo workflows. The event also included collateral pledges and securities lending. DTCC converted assets on Canton, a public network that restricts access to transaction information, and on its private network built with Hyperledger Besu.

Source: TokenPost