State Street executes first Eurex repo trade for Dutch asset manager MN
The service allows buy-side access to centrally cleared reverse repo transactions.
The service allows buy-side access to centrally cleared reverse repo transactions.
Industry commentators from Eurex, Broadridge, Tradeweb and Komainu assess the uptick in industry adoption of tokenisation specifically, as blockchains accelerate across many asset classes.
The products will initially launch with three index futures, based on Societe Generale and Solactive indices, with plans for further expansion scheduled for Q1 2026.
The ECB has confirmed that it will make both moves in Q1 2026.
The new offering will go live on 10 November 2025 and is set to allow a wider range of firms to trade directly on Eurex without a membership.
Trading of these contracts began on 10 September 2025 and follows a growing demand for futures products in the EU bond market in recent years.
Eight financial institutions have already joined the model, including Goldman Sachs, JP Morgan, Jane Street and Morgan Stanley.
The move marks a further expansion of the service’s current clearing house coverage, which also includes LSEG’s LCH, CME Clearing and Japan Securities Clearing Corporation (JSCC).
The transaction mobilised collateral for Dutch pension fund PGGM using distributed ledger technology provided by HQLAx and Clearstream, marking a first for a central counterparty globally.
Trading will start in September 2025 and is expected to strengthen liquidity in the EU bonds market.