24/7 financial rails: How BNY plans to eliminate the weekend lag in U.S. Treasuries

BNY plans to enable 24/7 settlement for US Treasuries by 2027, following a successful test with stablecoin issuers Ripple and OpenEden. The bank will test tokenized Treasuries on a private blockchain by year-end and expand its settlement network. BNY aims to eliminate the weekend lag in US Treasuries settlement.