Tradeweb completes its first on-chain electronic brokerage certificate of deposit auction.

Odaily Planet Daily reports that Tradeweb Markets, an electronic trading platform operator supporting interest rate, credit, stock, and currency markets, has announced the completion of the industry's first fully electronic on-chain brokerage certificate of deposit (CD) auction. The two parties involved are Gateway First Bank and InspereX. Data shows that as of October this year, the total value of time-deposit certificates of deposit issued by brokers globally was approximately $566 billion, with an estimated outstanding value of approximately $820 billion, indicating significant potential in the on-chain electronic brokerage CD market. (Businesswire)