Tokenovate shares that it has completed an intra-day repurchase agreement (Repo) on the Canton Network using the FINOS Common Domain Model (CDM), utilzing USDC.
Tokenovate is a UK-based Fintech enabling post-trade lifecycle automation and digital settlement solutions. Canton is a privacy-enabled blockchain network built for regulated financial services. USDC is a compliant, dollar-based stablecoin issued by Circle. the FINOS Common Domain Model (CDM) defines how financial products are structured, traded, and managed across their lifecycle.
The successful transaction is described as a significant step toward automated repo market infrastructure and is part of a broader ambition of modernising financial infrastructure as markets shift toward T+1 settlement. The transaction is emblematic of how financial institutions can support intraday liquidity management and faster collateral, as markets increasingly automate settlement models.
Richard Baker, founder and CEO of Tokenovate, said the repo transaction demonstrates how native CDM, the Canton Network, and tokenized cash and securities can work together to deliver highly scalable, repeatable, programmable post-trade workflows.
“Intra-day repo is exactly the kind of market activity Canton was built to support. Institutions need assets and cash to move together quickly without sacrificing privacy, control or existing market standards,” said Georg Schneider, Global Head of RWA at Digital Asset.
Tokenovate is a General Member of the Canton Foundation, and will participate in the governance and development of the Canton ecosystem. Digital Asset initially created the Canton Network.
