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      Citadel Securities and BNY Mellon Advance Tokenized US Treasury Initiatives

      On July 15, 2026, Citadel Securities successfully utilized the Depository Trust Company’s (DTC) Tokenization Service to create and transfer tokenized US Treasuries on the Canton Network. This marked a significant step in the integration of digital assets within traditional financial systems. The transaction was executed in a live production environment, allowing Citadel to hold the tokenized Treasuries in secure wallets and use them as collateral for trading on the Chicago Mercantile Exchange (CME). Over 30 firms participated in this event, showcasing a range of potential applications for tokenized securities.

      Separately, BNY Mellon is preparing to pilot its own tokenized Treasury initiatives on its proprietary blockchain by the end of 2026. The bank aims to achieve 24/7 settlement capabilities for both conventional and tokenized Treasuries by 2027. Earlier in 2026, BNY Mellon conducted an after-hours Treasury trade linked to stablecoin reserves, indicating its commitment to integrating digital assets into its operations.

      The DTC's full Tokenization Service is set to launch voluntarily in October 2026, initially focusing on US Treasuries and select exchange-traded funds (ETFs). This development is expected to address the growing demand for trading and settling assets in a 24/7 market, particularly as stablecoin issuers maintain significant Treasury reserves. While Citadel and BNY Mellon are pursuing separate paths in tokenization, their initiatives reflect a broader trend towards digital asset integration in financial markets.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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