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Breaking: Ascend and M1X Global have completed the first live institutional repo trade on Stellar.
M1X Global and Ascend Markets financed USDM1 against Circle USDC onshore in the U.S., arranged through Peak Execution Services.
🏆 First institutional Repo trade in Stellar history
🏆 First Repo trade conducted onshore in US between US Persons and on a public network
🏆 First Perpetual Repo: initiated Friday and repurchased Monday, 24/7 financing over 72 rolls
🏆 First Repo trade originated, booked, and repurchased using Soroban smart contracts
🏆 Ascend's first revenue and clients, with more repo trades already underway!
🏆 First to use Ascend'ss Digital Tri-Party presented to the SEC Crypto Task Force on September 18, 2026
🏆 First to use @chainlink's new Data Feeds for @USDC as its price oracle on the Stellar Network
🏆 The first Repo trade to utilize the ERC-3643 @ERC3643Org version for Stellar, SEP-57 by @OpenZeppelin
✅ The full trade originated and occurred within the Soroban smart contracts, completely onchain: not a books-and-records copy and not a contrived routed trade on testnet.
✅ The digital security itself was pledged as collateral, not a receipt token or digital twin.
✅ The entire Repo trade occurred on the public blockchain, Stellar Network mainnet.
✅ The Repo trade was enforced with an executed SIFMA Master Repurchase Agreement and Annex.
✅ It was conducted onshore in the U.S. between U.S. persons, with applicable fees attributable to Ascend's subsidiary U.S.-registered broker-dealer, Peak Execution Services.
✅ The landmark trade was institutional requiring a significant number of engineers, lawyers, compliance, regulatory, business, and quantitative analyst personnel to accomplish.
Full details in my keynote at #Meridian2026 on October 29 in Lisbon, hosted by @BuildOnStellar, with more live trades and integrations to announce.
I want to thank everyone at @m1xglobal, @StellarOrg, @chainlink, @OpenZeppelin, @ERC3643Org, and @AscendFi @PSGDigital for the weeks of dedicated and difficult work to achieve this major milestone.
businesswire.com/news/home/2026…
M1X Global and Ascend Markets financed USDM1 against Circle USDC onshore in the U.S., arranged through Peak Execution Services.
🏆 First institutional Repo trade in Stellar history
🏆 First Repo trade conducted onshore in US between US Persons and on a public network
🏆 First Perpetual Repo: initiated Friday and repurchased Monday, 24/7 financing over 72 rolls
🏆 First Repo trade originated, booked, and repurchased using Soroban smart contracts
🏆 Ascend's first revenue and clients, with more repo trades already underway!
🏆 First to use Ascend'ss Digital Tri-Party presented to the SEC Crypto Task Force on September 18, 2026
🏆 First to use @chainlink's new Data Feeds for @USDC as its price oracle on the Stellar Network
🏆 The first Repo trade to utilize the ERC-3643 @ERC3643Org version for Stellar, SEP-57 by @OpenZeppelin
✅ The full trade originated and occurred within the Soroban smart contracts, completely onchain: not a books-and-records copy and not a contrived routed trade on testnet.
✅ The digital security itself was pledged as collateral, not a receipt token or digital twin.
✅ The entire Repo trade occurred on the public blockchain, Stellar Network mainnet.
✅ The Repo trade was enforced with an executed SIFMA Master Repurchase Agreement and Annex.
✅ It was conducted onshore in the U.S. between U.S. persons, with applicable fees attributable to Ascend's subsidiary U.S.-registered broker-dealer, Peak Execution Services.
✅ The landmark trade was institutional requiring a significant number of engineers, lawyers, compliance, regulatory, business, and quantitative analyst personnel to accomplish.
Full details in my keynote at #Meridian2026 on October 29 in Lisbon, hosted by @BuildOnStellar, with more live trades and integrations to announce.
I want to thank everyone at @m1xglobal, @StellarOrg, @chainlink, @OpenZeppelin, @ERC3643Org, and @AscendFi @PSGDigital for the weeks of dedicated and difficult work to achieve this major milestone.
businesswire.com/news/home/2026…
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DennisOConnell retweeted
🚨BREAKING: Yesterday it was announced Stellar has completed its FIRST institutional repo transaction using tokenised US Treasuries!
They ran 72 automated financing transactions, 24/7 over 3 days, costing fractions of a cent!
This is HUGE for $XLM as the TRILLION-DOLLAR repo nd proves institutions can borrow money using tokenised US Treasuries on @StellarOrg, automatically with almost zero cost, potentially transforming a market handling trillions of dollars daily! 🚀
They ran 72 automated financing transactions, 24/7 over 3 days, costing fractions of a cent!
This is HUGE for $XLM as the TRILLION-DOLLAR repo nd proves institutions can borrow money using tokenised US Treasuries on @StellarOrg, automatically with almost zero cost, potentially transforming a market handling trillions of dollars daily! 🚀
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DennisOConnell retweeted
Congratulations to @The_DTCC on the launch of the DTCC Tokenization Service, a significant milestone in the modernization of global financial market infrastructure.
The launch follows DTCC’s first-ever production trades of tokenized U.S. securities in July 2026, powered by Chainlink alongside more than 30 major institutions:
• BlackRock
• J.P. Morgan
• Goldman Sachs
• Vanguard
• NYSE
• Nasdaq
• CME Group
• Microsoft
• State Street Investment Management
• BNP Paribas Securities Corporation
• Societe Generale
• S&P Dow Jones Indices
• Citadel Securities
• FTSE Russell
• Invesco
• Broadridge
• Tradeweb
• + many more
With quadrillions processed annually as critical infrastructure underpinning U.S. securities markets, DTCC is bringing tokenization to the American financial system.
We look forward to continuing our work together in advancing 24/7 collateral workflows through the Chainlink Runtime Environment (CRE) & data standard, accelerating institutional adoption of tokenized assets.
The launch follows DTCC’s first-ever production trades of tokenized U.S. securities in July 2026, powered by Chainlink alongside more than 30 major institutions:
• BlackRock
• J.P. Morgan
• Goldman Sachs
• Vanguard
• NYSE
• Nasdaq
• CME Group
• Microsoft
• State Street Investment Management
• BNP Paribas Securities Corporation
• Societe Generale
• S&P Dow Jones Indices
• Citadel Securities
• FTSE Russell
• Invesco
• Broadridge
• Tradeweb
• + many more
With quadrillions processed annually as critical infrastructure underpinning U.S. securities markets, DTCC is bringing tokenization to the American financial system.
We look forward to continuing our work together in advancing 24/7 collateral workflows through the Chainlink Runtime Environment (CRE) & data standard, accelerating institutional adoption of tokenized assets.
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DennisOConnell retweeted
NEW: DTCC TOKENIZATION SERVICE IS NOW LIVE.
According to the website, their service will initially support 34 securities. The tokens are backed 1:1 by underlying securities held in custody by the DTC, with identical legal & ownership strucutures.
They also operate 24/7 amongst othets" and come with embedded compliance controls.
The service initially supports Canton Network and DTCC’s Besu-based private network, with Circle's Arc and Stellar on the horizon.
The floodgates have opened. Trillions of dollars are coming onchain.
Source: DTCC Website
According to the website, their service will initially support 34 securities. The tokens are backed 1:1 by underlying securities held in custody by the DTC, with identical legal & ownership strucutures.
They also operate 24/7 amongst othets" and come with embedded compliance controls.
The service initially supports Canton Network and DTCC’s Besu-based private network, with Circle's Arc and Stellar on the horizon.
The floodgates have opened. Trillions of dollars are coming onchain.
Source: DTCC Website
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DennisOConnell retweeted
Congratulations to @dtcc on today’s launch of the DTCC Tokenization Service. Stocks, ETFs and Treasuries, 1:1 backed by securities at DTC, moving 24/7 on Canton and Besu with the same investor rights. $30T eligible and 20 firms live at launch.
As markets split into vertical stacks, a neutral utility keeps tokenized securities fungible. Just the beginning.
#Tokenization #DigitalAssets #MarketStructure #PostTrade #RWA
As markets split into vertical stacks, a neutral utility keeps tokenized securities fungible. Just the beginning.
#Tokenization #DigitalAssets #MarketStructure #PostTrade #RWA
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RT @The_DTCC: The DTCC Tokenization Service is now live, and this is only the beginning.
Explore the service: brnw.ch/21x6JeP htt…
Explore the service: brnw.ch/21x6JeP htt…
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DennisOConnell retweeted
🏦 Monolith & Ascend Partner to Unlock Real-World Asset Collateral
Tokenization is just the beginning. The next step is putting tokenized assets to work in institutional financial markets.
🔹 @MonolithFi: Institutional Derivatives
• Developing on-chain energy and commodity perpging @hedera's underlying @hashgraph technology.
• Pursuing U.S. CFTC Designated Contract Market (DCM) registration.
🔹 @AscendFi: Collateral & Clearing
• A subsidiary of PSG Digital, a digital asset management and financial technology group.
• PSG Digital reports an approximately $8 billion pipeline of potential RWA tokenization opportunities.
• The Stellar Development Foundation announced a $1 million direct investment in Ascend in May 2026.
• Building on-chain collateral management and clearing infrastructure to connect tokenized assets with institutional derivatives markets.
🛢️ From Weeks to Hours?
The partnership aims to reduce collateralization processes that can take weeks to just hours, unlocking capital tied up in real-world commodities such as crude oil.
🌐 The Bigger Picture
Tokenizing assets is not enough. The real opportunity lies in making them usable as collateral in actual financial markets.
Tokenization is just the beginning. The next step is putting tokenized assets to work in institutional financial markets.
🔹 @MonolithFi: Institutional Derivatives
• Developing on-chain energy and commodity perpging @hedera's underlying @hashgraph technology.
• Pursuing U.S. CFTC Designated Contract Market (DCM) registration.
🔹 @AscendFi: Collateral & Clearing
• A subsidiary of PSG Digital, a digital asset management and financial technology group.
• PSG Digital reports an approximately $8 billion pipeline of potential RWA tokenization opportunities.
• The Stellar Development Foundation announced a $1 million direct investment in Ascend in May 2026.
• Building on-chain collateral management and clearing infrastructure to connect tokenized assets with institutional derivatives markets.
🛢️ From Weeks to Hours?
The partnership aims to reduce collateralization processes that can take weeks to just hours, unlocking capital tied up in real-world commodities such as crude oil.
🌐 The Bigger Picture
Tokenizing assets is not enough. The real opportunity lies in making them usable as collateral in actual financial markets.
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DennisOConnell retweeted
Excited to announce our partnership with @AscendFi, the wholly owned subsidiary of PSG Digital.
Tokenisation was the first leg of institutional onchain finance.
The next is collateralisation and establishing an institutional secondary market to unlock these assets ⬇️
Tokenisation was the first leg of institutional onchain finance.
The next is collateralisation and establishing an institutional secondary market to unlock these assets ⬇️
Commodity markets move continuously. The capital behind them often doesn't.
Together with @AscendFi, we've developed an end-to-end solution that unlocks idle capital for use as collateral when trading energy perpetual futures. x.com/i/article/2115…
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DennisOConnell retweeted
the team at @MonolithFi is seriously doing incredible things. if you didnt think the era of tradfi adoption for crypto was here, you have not been paying attention(!!!)
not only are institutions adopting, entirely new startups are forming around trad markets.
one to watch...
not only are institutions adopting, entirely new startups are forming around trad markets.
one to watch...
Commodity markets move continuously. The capital behind them often doesn't.
Together with @AscendFi, we've developed an end-to-end solution that unlocks idle capital for use as collateral when trading energy perpetual futures. x.com/i/article/2115…
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New: @AscendFi and @MonolithFi announce strategic partnership 🤝
Why it matters: Together building regulated, high performance commodity perps futures for qualified US persons leveraging Ascends Digital Tri Party engine is a major unlock for US onshore participants and enables exciting curated products for both clients.
@kalebnunn_ and team are incredible people and it has been a privilege working with them this last year, more to come!
Why it matters: Together building regulated, high performance commodity perps futures for qualified US persons leveraging Ascends Digital Tri Party engine is a major unlock for US onshore participants and enables exciting curated products for both clients.
@kalebnunn_ and team are incredible people and it has been a privilege working with them this last year, more to come!
Commodity markets move continuously. The capital behind them often doesn't.
Together with @AscendFi, we've developed an end-to-end solution that unlocks idle capital for use as collateral when trading energy perpetual futures. x.com/i/article/2115…
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DennisOConnell retweeted
Onchain Credit Is Entering a New Phase
DeFi lending is evolving beyond floating rates and liquidity pools.
The next competitive edge lies in financing terms, collateral management and credit risk.
Recent developments show this shift:
- @Morpho Midnight crossed $100M in ging fixed-rate, fixed-term lending.
- @longbowlend is extending this model to Robinhood Chain.
- @aave V4 introduced externally curated markets with @SentoraHQ, supporting RLUSD @Ripple PYUSD and OUSD - @openstandard.
Professional risk management is becoming part of the lending infrastructure.
- @AscendFi and @m1xglobal completed an institutional repo on @StellarOrg, executing 72 automated hourly rolls with USDM1 collateral.
- @chainlink Data Feeds supported pricing for the USDC leg.
- @Ripple and @arf_one announced RLUSD-based settlement financing, connecting short-term credit with real payment flows.
These developments point toward a more specialized credit market.
Borrowers want predictable financing.
Lenders want transparent risk. Institutions want efficient collateral and settlement.
As liquidity infrastructure becomes more standardized, competitive advantage shifts toward those who structure financing, manage risk and optimize capital.
Liquidity provides the foundation.
The next value layer is credit structuring.
DeFi lending is evolving beyond floating rates and liquidity pools.
The next competitive edge lies in financing terms, collateral management and credit risk.
Recent developments show this shift:
- @Morpho Midnight crossed $100M in ging fixed-rate, fixed-term lending.
- @longbowlend is extending this model to Robinhood Chain.
- @aave V4 introduced externally curated markets with @SentoraHQ, supporting RLUSD @Ripple PYUSD and OUSD - @openstandard.
Professional risk management is becoming part of the lending infrastructure.
- @AscendFi and @m1xglobal completed an institutional repo on @StellarOrg, executing 72 automated hourly rolls with USDM1 collateral.
- @chainlink Data Feeds supported pricing for the USDC leg.
- @Ripple and @arf_one announced RLUSD-based settlement financing, connecting short-term credit with real payment flows.
These developments point toward a more specialized credit market.
Borrowers want predictable financing.
Lenders want transparent risk. Institutions want efficient collateral and settlement.
As liquidity infrastructure becomes more standardized, competitive advantage shifts toward those who structure financing, manage risk and optimize capital.
Liquidity provides the foundation.
The next value layer is credit structuring.
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DennisOConnell retweeted
Tokenized assets need rules that travel with them. Further is adopting Chainlink ACE for its new compliance platform, starting in ADGM. institutional adoption means making the controls work inside the workflow.
ROAD TO Link:NYC🗽
NEW: @further, an asset manager backed by major Abu Dhabi sovereign wealth fund ADQ, adopts Chainlink to power its new tokenized asset compliance platform.
Chainlink ACE enforces compliance rules across every workflow, starting in ADGM, Abu Dhabi’s enter.
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DennisOConnell retweeted
Execution and clearing are two different problems. The venue matches the trade; the clearing layer holds the collateral, extends credit against it and carries the accountability when a position moves against someone.
Today we announced a partnership with @MonolithFi on institutional commodity derivatives. Monolith is building an onchain venue for energy perpetual futures and pursuing CFTC registration as a Designated Contract Market; we intend to clear it through our onchain tri-party model.
The aim is eligible real-world assets, such as an oil cargo in transit, posted as collateral in hours instead of weeks.
Full release: prnewswire.com/news-releases/…
Today we announced a partnership with @MonolithFi on institutional commodity derivatives. Monolith is building an onchain venue for energy perpetual futures and pursuing CFTC registration as a Designated Contract Market; we intend to clear it through our onchain tri-party model.
The aim is eligible real-world assets, such as an oil cargo in transit, posted as collateral in hours instead of weeks.
Full release: prnewswire.com/news-releases/…
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DennisOConnell retweeted
🚨HUGE: @StellarOrg's new institutional repo deal with Ascend and M1X Global targets a MASSIVE financial market!
The US Treasury's OFR reports that the US repo market averaged $12.6 TRILLION in outstanding exposures DAILY!
That's the scale of the opportunity $XLM is as institutional finance moves on-chain!
And this is just the beginning!
The US Treasury's OFR reports that the US repo market averaged $12.6 TRILLION in outstanding exposures DAILY!
That's the scale of the opportunity $XLM is as institutional finance moves on-chain!
And this is just the beginning!
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DennisOConnell retweeted
🚨NEW ARTICLE: Ascend release article on theirs and M1X Global completing the FIRST institutional repo transaction on Stellar, using tokenised sovereign debt as collateral! 🔥
72 automated hourly transactions, operating 24/7, even over the weekend, with near-zero network fees!
n DEEP… @StellarOrg invested $1 MILLION in Ascend earlier this year, as $XLM is evolving beyond payments into the infrastructure powering institutional capital markets.
This is the future of finance taking shape!
72 automated hourly transactions, operating 24/7, even over the weekend, with near-zero network fees!
n DEEP… @StellarOrg invested $1 MILLION in Ascend earlier this year, as $XLM is evolving beyond payments into the infrastructure powering institutional capital markets.
This is the future of finance taking shape!
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Wow thank you @RealAllinCrypto for covering our landmark trade 🫡
I will have more to share on my keynote thursday Oct29 at @BuildOnStellar #Meridian2026
This achievement took dozens of hardworking professionals across several teams and disciplines, new innovative technology on sorobon, presentation to regulators, and some great partners over 6 months total.
And yes, we will be scaling this - more to come.
@AscendFi @m1xglobal @StellarOrg
I will have more to share on my keynote thursday Oct29 at @BuildOnStellar #Meridian2026
This achievement took dozens of hardworking professionals across several teams and disciplines, new innovative technology on sorobon, presentation to regulators, and some great partners over 6 months total.
And yes, we will be scaling this - more to come.
@AscendFi @m1xglobal @StellarOrg
🚨NEW ARTICLE: Ascend release article on theirs and M1X Global completing the FIRST institutional repo transaction on Stellar, using tokenised sovereign debt as collateral! 🔥
72 automated hourly transactions, operating 24/7, even over the weekend, with near-zero network fees!
n DEEP… @StellarOrg invested $1 MILLION in Ascend earlier this year, as $XLM is evolving beyond payments into the infrastructure powering institutional capital markets.
This is the future of finance taking shape!
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DennisOConnell retweeted
ICYMI: We have revamped our website!
- A new look at the standard
- Better in-depth info on how it works
- Solutions pages on who it benefits and how
- Who is building on the standard already
- and more...
Have a look here: erc3643.org
- A new look at the standard
- Better in-depth info on how it works
- Solutions pages on who it benefits and how
- Who is building on the standard already
- and more...
Have a look here: erc3643.org
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Thanks for covering @AscendFi 🙌
STELLAR
COMPLETES 72 AUTOMATED LOAN RENEWALS USING TOKENIZED BONDS
A real financial transaction on Stellar shows how blockchain technology could change the way institutions borrow money.
On October 23rd, 2026, Ascend and M1X Global announced they’d completed a loan using a digital government bond backed by U.S. Treasury securities.
The bond was used as security to borrow USDC, a digital dollar.
Here’s what makes this interesting.
THE LOAN RENEWED ITSELF 72 TIMES
Between October 16th and 19th, the loan was automatically renewed 72 times, including over the weekend.
The reported annual borrowing rate was 3.98%.
According to Ascend, the loan was repaid and the bond was returned.
The total Stellar network fees for those 72 renewals were reportedly less than one cent.
WHY DOES THIS MATTER?
Banks regularly use bonds as security when borrowing money.
But traditional financial systems often depend on business hours and several companies working together.
Stellar has now demonstrated how this process can run automatically, even on weekends.
There’s also more to watch.
Ascend says its financial partners expect to make $100 million available for future activity in early 2027.
That money hasn’t been deployed yet, and the amount borrowed in this first transaction hasn’t been disclosed.
WHAT DOES THIS MEAN FOR $XLM?
This is evidence that Stellar can support real financial activity.
But it doesn’t automatically create major demand for XLM. The loan used USDC, while XLM was mainly needed for small network fees.
The next step is seeing whether more institutions begin using this system and whether the amounts borrowed grow.
One completed transaction shows the technology can work.
Regular use would be stronger evidence of adoption.
$XLM #Stellar #RWA #Tokenization
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