The US Treasury is especially keen on distributed ledger technology (DLT) for payments, settlement and clearing.
Blockchain technology promises to create a “new financial market infrastructure” with “enhanced operational and economic efficiencies,” according to the United States Department of the Treasury’s Q4 2024 report.
To unlock these benefits, the legal and “regulatory landscape will need to evolve alongside advances in tokenization of legacy assets,” according to the report.
In an Oct. 29 meeting, the US Treasury’s Borrowing Advisory Committee weighed the benefits of stablecoin adoption and Treasury bill tokenization.
