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

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