Ripple, BlackRock and Goldman Sachs Team Up for 2027 Tokenised Repo Trials - The Global Treasurer
Ripple, BlackRock and Goldman Sachs Team Up for 2027 Tokenised Repo Trials - The Global Treasurer
Source: The Global Treasurer
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DW NOTE
BlackRock and Goldman are testing repos on Ripple's network because the $4.9 trillion overnight repo market settles T+1 and they want instant settlement with fewer intermediaries. The prize isn't efficiency — it's collateral velocity. If a treasury can be tokenised, rehypothecated, and settled in seconds rather than a day, the same bond can back three more trades before lunch.