We’re excited to announce that Nonco, in partnership with SwapGlobal, has completed the first-ever OTC #derivatives transaction using @FTDA_US's on-chain money market fund, FOBXX, via the #BENJI token.

Here’s why this matters:

▶ Smarter Collateral: BENJI tokens reduce capital costs by earning yield on collateral, addressing inefficiencies of fiat wires and non-yield stablecoins.
▶ Streamlined Treasury Operations: Peer-to-peer transfers simplify processes while maintaining collateral efficiency.
▶ Future-Ready Solutions: Blockchain-enabled innovations like this could redefine collateral management across the industry.

“At Nonco, we’ve maximized treasury efficiency without adding operational complexity, paving the way for more efficient crypto derivatives trading,” says @JEH_BTC, Jeffrey Howard, Partner and Head of North America.

#Innovation #CryptoFinance #Blockchain #Nonco #Derivatives

Read more here: https://t.co/1LhC03frn6