About F-ing time! I proposed this along with tokenized foreign stock market shares in 2018. Still a good idea and easy to implement for S Korea & a couple other markets lacking good ADR coverage. Tokenizatiin is cheaper anyway.
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BNY, Citadel Securities test tokenized U.S. Treasuries to speed up Wall Street financing
The transaction shows how blockchain-based government bonds could help trading firms move collateral faster between settlement and financing.