The trade was executed on the Stellar network, using USDM1 as collateral through Ascend’s institutional credit facility and priced at SOFR plus 10 basis points
Following FRA Decision No. 155 of 2026, the new model contract standardises the procedural roles, fees, and collateral obligations for transactions executed via the MCDR centralised lending platform
The issuance was carried out through Luxembourg’s central securities depository, LuxCSD, leveraging the digital post-trade platform D7 DLT from its parent company, Clearstream
The initiative will enable onchain lending, collateral, and treasury-management applications for banks, asset managers, and DeFi users, according to Archax
Institutional clients, including Virtu, are trading RWA swaps with over 100 reference markets, spanning equities, equity indices, ETFs, metals, energy, and FX, Ripple says
Market participants gathered in Florida for this year's ISLA Americas Íø±¬³Ô¹Ï Finance & Collateral Management Conference, where they reviewed the collateral market and the opportunities ahead