Repo


Finance

Societe Generale Conducts Blockchain-Based Repo Transaction With French Central Bank

SocGen is claiming bragging rights as the first to conduct an on-chain repo transaction with a European central bank.

SocGen branch

Markets

Circle Restarts U.S. Treasury Purchases in BlackRock-Managed USDC Reserve Fund

Repurchase agreements will keep being part of the reserve fund, Circle’s chief financial officer said Wednesday during a company call.

Jeremy Allaire, CEO of Circle (CoinDesk)

Markets

USDC Issuer Circle Has Ditched All U.S. Treasuries From $24B Reserve Fund Amid Debt Ceiling Showdown

The stablecoin issuer now only holds cash and repurchase agreements to back its USDC stablecoin’s value.

Jeremy Allaire, CEO of Circle (Danny Nelson/CoinDesk)

Finance

USDC Issuer Circle Moves $8.7B to Repo Agreements to Protect Reserves From U.S. Government Default

Circle’s reserve fund has ditched Treasury bills that mature beyond May 31, rotating assets to cash and overnight repurchase agreements instead, a company spokesperson said.

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle (CoinDesk)

Finance

Broadridge Adds UBS to Its Distributed Ledger Repo Product

The Swiss financial giant is the first bank on the platform that Broadridge has publicly announced.

UBS

Markets

Goldman Sachs Taps JPMorgan's Private Blockchain for Repo Trade: Report

“We firmly think this will change the nature of the intraday marketplace,” said Mathew McDermott, head of digital assets for Goldman.

JPM, JPMorgan

Markets

Broadridge Blockchain Repo Platform Is Averaging $31B a Day

Most transactions originate from banks in the U.S. and Europe.

Broadridge logo

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