The addition of G7 helps market participants to execute international cross-border repo transactions, intraday repo activity, and collateral movements through atomic settlement
Executed on the Canton Network, the firms say that this is the first instance of a fully onchain repo transaction in which the securities leg was a sovereign digital bond, with each element settled atomically onchain
In collaboration with Digital Asset, Progmat, and four MUFG companies, the proof-of-concept aims to apply blockchain technology to secondary‑market repo activity by enabling automated lifecycle processes and real‑time settlement
According to the firm, this milestone is an important step towards improving collateral mobility in the Canadian repo market with full automation of repo collateral and unlimited real-time substitution
The increase reflects the continued evolution of tokenised market infrastructure and the expanding role of distributed ledger technology in modernising funding and collateral markets, the firm states
This was driven by an 63 per cent YoY rise in GC Pooling average term-adjusted volume to €319.1 billion, and a 53 per cent YoY increase in special repo to €295.3 billion
EUREP will be operated by five national central banks: the Deutsche Bundesbank, the Banco de España, the Banque de France, the Banca d’Italia, De Nederlandsche Bank
The Bank will progress this work over 2026, publishing further analysis to inform the debate but warns that these are complex reforms which will take time
