Stellar Blockchain Used for Institutional Sovereign Debt Repurchase Transaction

Ascend and M1X Global successfully completed an institutional repurchase transaction using the Stellar blockchain and an onchain sovereign bond (USDM1), executing 72 consecutive hourly rolls between October 16 and October 19. This test maintained conventional credit terminology and documentation while automating repeated processes outside typical banking hours, demonstrating a new application of blockchain technology in sovereign debt markets.