Scott Melker: BNY and Citadel Securities complete blockchain-based financing using tokenized U.S. Treasuries

Scott Melker: BNY and Citadel Securities complete blockchain-based financing using tokenized U.S. Treasuries
BNY, Citadel use blockchain for financing

BNY and Citadel Securities have completed a blockchain-based financing transaction, using tokenized U.S. Treasuries as collateral and achieving settlement within minutes.

Scott Melker reported the development.

Melker recently reported on TD Cowen’s increased bitcoin price targets, citing forecasts of $109,000 by 2026 and $280,000 by 2029. He also covered Ripple XRP’s entry into institutional Wall Street markets as the token expanded beyond crypto payments. These developments reflect a growing institutional focus on digital assets and blockchain-powered financial products.

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