Citadel Transfers Tokenized U.S. Treasuries in DTC Production Test

Citadel Securities transferred tokenized U.S. Treasury entitlements through The Depository Trust Company’s (DTC) Tokenization Service on July 15, 2026, testing blockchain-based collateral movement within traditional market infrastructure. Citadel created digital representations of Treasury securities on the Canton Network and held the entitlements in Fireblocks wallets. The assets were then transferred to DTC-registered wallets associated with BNP Paribas and Société Générale before being posted as collateral at CME. The size of the position was not disclosed. The transaction was part of a DTC production event involving more than 30 firms.