Ascend

Repo financing does not have to stop when the settlement window closes.

From Friday, October 16 to Monday, October 19, we completed the first institutional repo on @StellarOrg mainnet with @m1xglobal. USDM1, a sovereign bond issued natively onchain and secured 1:1 by short-duration US Treasuries, was financed in USDC and rolled automatically every hour: 72 consecutive rolls, overnight and through the weekend, with no manual intervention.

Terms were SOFR + 10 bps with a 2% haircut, under an executed SIFMA master repurchase agreement. @chainlink Data Feeds priced the USDC leg. Network fees for all 72 rolls came to a fraction of a cent.

businesswire.com/news/home/2026…

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/…

Time-to-settle and time-to-finance need to compress together. If a security settles in minutes but cannot enter financing until later, the cash requirement arrives before the funding does.

Faster settlement can only improve capital efficiency if financing can keep pace.

Bringing Chainlink pricing onto Stellar’s $ 4B+ tokenized asset base further strengthens the foundation for lending, collateral management and other financing activity on Stellar.

It’s especially good to see two organisations we already work closely with at Ascend coming together to deepen the role tokenized assets can play in financing markets.

The next generation of financial market infrastructure is likely to be judged by this metric: how much financing capacity can a given pool of collateral support without weakening the risk controls around it?

Tokenized securities give us a chance to improve that equation without loosening the controls that make the financing viable in the first place.