Stellar (XLM) Makes History With First Repo Backed by U.S. Debt
Photo: U.Today
Fintech company Ascend Markets and the M1X Global platform announced on October 23, 2026, the completion of the first regulated short-term collateralized lending (repo) transaction on the Stellar (XLM) blockchain. The pilot transaction involved digitized U.S. Treasury bonds in interbank settlements, setting a precedent for direct collateral mobilization without the participation of centralized clearing systems. The traditional repo market is limited by the operating hours of settlement systems and requires significant back-office resources for manual collateral revaluation. The Ascend and M1X Global operation fully moved this cycle to smart contracts.
Source: U.Today
