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Virtu Financial, M1X Global, and Tradeweb completed the first on chain repurchase transaction using USDM1 sovereign digital bonds as collateral on the Canton Network, with settlement taking less than 10 minutes. USDM1 is a US dollar denominated sovereign bond backed by short-term US treasury bond bonds 1:1. Anchorage Digital, BitGo, and tZERO provide institutional custody services for this transaction. (Cointelegraph)