Head of Technical Accounting & Financial Reporting

Virtu, M1X, Tradeweb settle first onchain repo using sovereign bond. Virtu Financial, M1X Global, Tradeweb complete first onchain repo with sovereign bond on Canton Network August 28, 2026 * Virtu Financial, M1X Global, and Tradeweb completed an onchain repo transaction using a sovereign digital bond as collateral on the Canton Network. * The transaction used USDM1, a U.S. dollar-denominated sovereign bond issued onchain by the Republic of the Marshall Islands and backed 1:1 by short-term U.S. Treasuries. * Executed between regulated counterparties on Tradeweb, the full repo and repurchase cycle was completed in under 10 minutes. * The deal is the first to combine natively issued sovereign collateral with fully onchain atomic settlement, though broader adoption remains uncertain. Virtu Financial, M1X Global, and Tradeweb have completed an onchain repo transaction using a sovereign digital bond as collateral, settling fully on the Canton Network. The transaction utilized USDM1, a U.S. dollar-denominated sovereign bond issued onchain by the Republic of the Marshall Islands, backed 1:1 by short-term U.S. Treasuries. - Advertisement - Discover more Compare Exchange Rates Choose POS Systems Access Premium News The bond pays a coupon while being used as collateral and is structured under New York law as a fully collateralized sovereign obligation. Both companies said it was the first repo to combine natively issued sovereign collateral with fully onchain atomic settlement. Executed between regulated counterparties on Tradeweb, the full repo and repurchase cycle was completed in under 10 minutes. Consequently, the transaction puts tokenized sovereign debt to use as collateral in an institutional financing transaction, rather than solely as an asset for issuance or trading. It remains an early-stage example, and it is not yet clear whether the model will see broader adoption across institutional repo markets. USDM1 is available through electronic trading platform Tradeweb, with institutional custody provided by Anchorage Digital, BitGo, and tZero, according to the release. Meanwhile, the Canton Network has seen a flurry of institutional activity. Thursday's repo follows a July transaction in which Tradeweb facilitated the real-time transfer of a tokenized U.S. Treasury from Franklin Templeton to Virtu Financial on Canton, settling against USDCx. Network activity accelerated in August, as FalconX and Interstice launched a cross-chain swap engine connecting Canton with Ethereum, Solana, and Robinhood Chain. World Liberty Financial also launched its USD1 stablecoin natively on Canton. Digital Asset and the American Idea Foundation, founded by former U.S. House Speaker Paul Ryan, also announced plans for a 2027 pilot that would use Canton to distribute state-administered benefits across three U.S. states. - Advertisement - Stay in the loop. Join 1.2K Smart Traders News August 28, 2026 DoorDash has outperformed SpaceX by 48% since the rocket company's IPO on June 12,... News August 27, 2026 Researchers at OneKey reproduced a transaction-replacement attack against Ledger's Ethereum app version 1.22.1Ledger states... News August 27, 2026 CIMB Islamic Bank completed a pilot settling a tokenized sukuk using tokenized deposits from... News August 27, 2026 Justin Sun publicly claims he paid Chinese actress Jing Tian $4.5 million for her... News August 27, 2026 Charles Schwab plans to add Solana, Avalanche, and ChainLink to its crypto trading platform... Blockchain apps have been adopted popularly by some prominent industries due to its being a decentralized-designed technology. Furthermore, these apps eliminate the risks that...

FalconX and Kemet collaborate to further expand institutional prediction markets trading on Kalshi. August 27, 2026 NEW YORK, AUGUST 27, 2026 - Kemet, the execution and risk platform for institutional digital-asset derivatives, and FalconX, the leading digital assets prime brokerage, today announced a collaboration to enhance institutional exposure to event contracts on Kalshi, the world's largest prediction market. As institutional participation in prediction markets grows, firms increasingly expect the execution quality, flexibility, and controls available across more established derivatives markets. The engagement builds on Kemet's work to support institutional trading on Kalshi and reflects FalconX's continued momentum in prediction markets. As one of the largest prime brokers and derivatives dealers in the digital asset space, FalconX is at the forefront of bridging institutional liquidity in frontier markets. The engagement marks the next phase of FalconX's work with Kalshi to expand institutional access to liquidity in prediction markets. Through FalconX's leading OTC derivatives trading desk, hedge funds, asset managers, and other counterparties can access event contract exposure with deeper liquidity to support institutional needs. Prediction markets have grown into a genuine asset class. Institutional participation, however, has been limited less by interest than by workflow. Kemet supports institutional execution of Kalshi event contracts using algorithmic strategies including TWAP, Chase, iceberg and scale, together with order-level controls including price protection and edge limits. Event positions appear in Kemet's normalized portfolio and risk model alongside options, perpetuals, futures and spot, giving desks a single consolidated view of exposure across their entire book. "Prediction markets are becoming a real institutional asset class, and until now they haven't traded like one," said Ash Ashmawy, CEO of Kemet. "Kemet puts Kalshi in the same execution layer our clients already use for options, perps and spot - same algos, same book, same risk model. That's what it takes for institutional flow to show up at scale." "For prediction markets to reach their full potential with institutional participants, they need to fit into the same execution stack and risk systems institutions rely on," said Andy Ross, Head of Institutional, Kalshi. "This collaboration between Kemet and FalconX is another step forward in helping institutions fully incorporate Kalshi event contracts into how they trade, manage risk, and make decisions." "Prediction markets are quickly emerging as institutional tools for pricing and risk transfer tied to real-world outcomes," said Joshua Lim, Global Co-Head of Markets at FalconX. "For institutional counterparties, FalconX Bravo, Inc. provides liquidity and access at scale within a CFTC-regulated framework. We believe our work with Kalshi and Kemet will help build the foundation to support growing institutional participation." Disclosure: FalconX is a minority investor in Kemet.

Hivemind Digital Group has closed a $17 million funding round led by M&G Investments to accelerate its tokenization infrastructure development and expand frontier technology investing capabilities. The round included participation from CPIC Investment Management (HK), ZA Bank, FalconX, Sonic Boom Ventures, and board members and former executives from Man Group, Apollo Global Management, Coinbase, Citi, First Citizens Bank, and GoldenTree Asset Management. Founded in 2021, Hivemind manages assets at the intersection of traditional and digital markets. The company plans to deploy capital into tokenization opportunities across asset classes and expand institutional partnerships globally. As part of the investment, Alex Seddon, Head of Impact and Private Equity at M&G Investments, joined Hivemind's Board of Directors. M&G has £371 billion in assets under management as of 31 March 2026.