USDM1 recently served as the sovereign securities collateral leg in the first fully onchain repo transaction executed with Virtu Financial via the Tradeweb platform
If approved, Block’s bank — Builders Bank & Trust — would operate as a federally regulated entity providing custody and related fiduciary services, including for bitcoin and stablecoins
The integration extends Trever’s connectivity, bringing a prime brokerage relationship into the existing workflows institutional teams use across their digital asset operations