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BNY and Citadel Test Tokenized Treasuries for Wall Street

BNY and Citadel Test Tokenized Treasuries for Wall Street

The trial is meant to show whether tokenized government bonds can move collateral faster between settlement and financing. At the same time, BNY is expanding its digital infrastructure while the tokenized Treasuries market grows past $15 billion.

The United States has a major influence on the global crypto market.

Developments in the United States often influence the crypto market, including through regulation, lawsuits, ETFs, and the involvement of major financial institutions.