HSBC Continental Europe has been onboarded as a second agent member for the repo sponsored clearing ecosystem, with PGGM extending its activity on the platform
The firm says the initiative will allow for enhanced liquidity and collateral mobility, bridging the gap between digital securities and the core of European central bank money operations
Stablecoin infrastructure firm HIFI provided the cash leg of the transaction against US Treasuries supplied by trading platform DRW, while Marex acted as prime broker
The move aims to support the high-level opening-up of China's financial markets and facilitate the RMB liquidity management of overseas central banking institutions
The fund is Federated Hermes' first product designed to satisfy the requirements for eligible reserve assets that payment-stablecoin issuers are required to maintain under the GENIUS Act
The daily average is a 220 per cent increase year-on-year, underscoring the continued adoption of tokenised real-asset settlement and the growing role of DLT
This rise was driven by an 49 per cent YoY rise in GC Pooling average daily TAV to €318 billion, and an 45 per cent YoY increase in special repo average daily TAV to €256.5 billion
The report looks at the technology itself, the types of digitalised cash and assets that can be used in DLT repo, and how DLT was applied to repo between 2017 and 2025