The tokenized U.S. Treasury transaction settled on BNY's private digital ledger within minutes, bypassing the standard T+1 settlement cycle for U.S. Treasuries.

From the articleBNY, Citadel Securities complete Treasury repo in first use of tokenized assets on major triparty platformAlso in BNY Completes First Tokenized Treasury Repo Workflow With Citadel, BNY settles a treasury repo in minutes with Citadel Securities - A tokenization first - AMBCrypto, BNY, Citadel put tokenized Treasury through triparty repo on major platform - Cryptopolitan, BNY, Citadel Securities complete tokenized Treasury transaction with near-instant settlement, BNY uses tokenized US Treasury in landmark Citadel Securities repo deal