A form of short-term borrowing for dealers in government securities, where the dealer sells the government securities to investors, usually on an overnight basis, and buys them back the following day.
SG-FORGE deposited as collateral bonds issued on the public Ethereum blockchain in exchange for Central Bank Digital Currency from France’s central bank
The firms aim to provide access to SIX’s CO:RE platform and allow for greater flexibility in managing securities finance and OTC spot market-related activities
The financial technology firm collaborated with Clearstream and Eurex Repo to achieve the milestone, which took place during the European Central Bank trials