Temple Digital Group participated in one of the first onchain US Treasury repo trades on Canton Network through DTCC's tokenization service.
A tokenized version of a US Treasury security was financed against tokenized cash, Circle's USDCx, through Temple's RFQ platform and settled on the Canton Network, while the underlying security remained within DTC's existing book-entry framework.
The transaction was part of DTCC's live production trades conducted on July 15, and was carried out using the DTCC Tokenization Service, which enables the issuance of tokenized representations, also referred to as digital twins, of real-world assets that can be delivered to DTC Participant wallets of choice.
Settlement was atomic and onchain between the counterparties' wallets, providing delivery-versus-payment in real time, while legal ownership of the underlying Treasury security continued to be reflected through DTC's existing book-entry framework.
With the successful execution of this month's tokenized US Treasury repo transaction, Temple's focus now turns to extending the Treasury work stream from spot to repo and intraday financing, and carrying the same execution and settlement architecture from tokenized Treasuries to tokenized securities, in preparation for the expected October 2026 launch of the DTCC Tokenization Service.
