**News Flash: Blockchain Pilot Project Revolutionizes Treasury Transactions**
Digital Asset and DTCC have wrapped up their US Treasury Collateral Network pilot on the Canton Network, engaging 26 market participants in 100 transactions. Here's what went down:
- **Tokenized Treasury Bonds**: Digital twins of USTs were created and registered, enabling trading, lending, and collateral use.
- **Instant Margin Calls**: Tokenized assets were swiftly transferred during margin calls, visible in real-time.
- **Quick Settlements**: Margin returns were settled instantly, a process that usually takes over a day.
- **Default Handling**: In default scenarios, asset transfers were fully traceable and auditable, ensuring legal compliance.
This pilot highlights blockchain's potential for faster, more transparent financial transactions.