# Markets TermPrime runs fixed-rate, fixed-term repo markets on the Canton Network. Each market pairs a debt asset (the cash leg that is lent and borrowed) with collateral (the asset pledged against it). The assets TermPrime supports, and the role each plays, are what define the markets available on the venue. ### Asset roles Different assets serve different functions in a repo, and TermPrime's markets reflect that: * **Canton Coin (CC).** As the network's native asset, CC can serve on either side of a trade, as collateral or as the debt token. * **Tokenized U.S. Treasuries (UST).** A high-quality asset used as collateral. * **Stablecoins (such as USDCx).** Used as the debt token, the cash leg that is lent and borrowed. ### The gap TermPrime fills Fixed-rate, fixed-term repo is a core funding tool, but on-chain it still lacks a venue. Existing on-chain tooling handles intraday liquidity and the movement and settlement of collateral, yet there is no multilateral venue for discovering and matching fixed-rate *term* demand in tokenized assets across counterparties. This shows up differently across assets: * For **Canton Coin**, term borrowing and lending is a new market that has not yet been built. TermPrime establishes it. * For **tokenized UST**, term repo is one of the deepest and most mature markets in traditional finance, but on-chain it has lacked a multilateral venue for fixed-rate term price discovery. TermPrime brings that established term repo activity onto the network as a multilateral term market. Closing this gap is what lets institutions run fixed-rate term borrowing and lending on-chain, against assets they already hold, with the price discovery and settlement of a shared venue rather than one-to-one negotiation. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.termprime.finance/markets.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.