Survey Finds Half of Investment Banks Fund Tokenized Repo Development
Photo: TokenPost
A survey of institutional leaders found that half of investment banks surveyed are funding tokenized repo development, with banks using several budget sources for the work. The survey covered leaders from 16 institutions. It found that 50% of investment banks surveyed fund tokenized repo development, while another 20% of banks use innovation or transformation budgets. Treasury funding and shared models account for the remaining 30%. In a completed U.S. example, a tokenized Treasury repo deal between BNY Mellon and Citadel used tokenized collateral for overnight financing.
Source: TokenPost
