Financial institutions including BlackRock, Franklin Templeton, and JPMorgan are advancing tokenized funds and traditional financial asset securities businesses on blockchain networks.

From the articleBNY uses tokenized US Treasury in landmark Citadel Securities repo dealAlso in BNY, Citadel Securities test tokenized U.S. Treasuries to speed up Wall Street financing, BNY Completes First Tokenized Treasury Repo Workflow With Citadel, BNY, Citadel Securities Complete Triparty Repo Trade Using Tokenized US Treasuries