24/7 financial rails: How BNY plans to eliminate the weekend lag in U.S. Treasuries
CoinDesk 2026-07-23 08:42:21
Context: BNY is planning to eliminate the weekend lag in U.S. Treasuries by testing tokenized Treasuries on a private blockchain and expanding its settlement network. The bank aims to provide 24/7 financial rails, allowing for more efficient and continuous trading. This move is set to begin with testing by year-end.
Key Facts
- BNY will begin testing tokenized Treasuries on a private blockchain by the end of the year, marking a significant step towards modernizing the trading infrastructure.
- The bank plans to expand its settlement network to cover more international trading hours, effectively reducing the current limitations imposed by traditional weekend closures.
- By achieving 24/7 financial rails, BNY aims to eliminate the weekend lag in U.S. Treasuries, enabling more efficient and continuous trading for its clients.