Tradeweb Markets has completed the industry’s first fully electronic auction for brokered certificates of deposit (CD) with on chain execution. The transaction took place on Tradeweb’s retail platform between Gateway First Bank and InspereX, powered by Alphaledger’s distributed ledger technology.
Historically the auction process has been somewhat manual with weekly pricing set by a limited group of dealers. Brokered CD issuance year to date through October 2025 reached approximately $566 billion. They can offer attractive returns for corporate treasury investors, while providing FDIC insurance up to $250,000. Despite the significant market size, only about 25% of U.S. banks currently issue brokered CDs, suggesting considerable room for growth.
“By recording each auction event as an instantaneous, immutable and cryptographically verified entry, our digital infrastructure removes the need for manual reconciliation and reduces reliance on third party verification,” said Manish Dutta, co-founder and CEO at Alphaledger. “This digital workflow enhances efficiency, strengthens price discovery and creates a more robust, auditable trail for the entire issuance process.”
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
