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BNY to test tokenised US Treasuries on private blockchain to eliminate weekend settlement delays

BNY plans to begin testing tokenised US Treasury bonds on a private blockchain by the end of 2025. The goal is to create a 24/7 settlement system that eliminates the traditional weekend lag in US Treasury trading. The bank also intends to expand its settlement network to cover more international trading hours. The move is part of a broader trend of financial asset tokenisation at major institutions.