An institution posts a tokenized Treasury fund as margin on one venue. The moment a position breaches maintenance on another, the system redeems only the exact shortfall into a settlement stablecoin and mobilizes it back over CCIP — a single automated flow, with no manual intervention and no excess liquidation. Every share not needed keeps earning.
Posting a tokenized asset as collateral is in production today. Redeeming a yield-bearing fund at the moment of the call, sized to the exact shortfall, is the open ground.
Remove any one service and the mechanism does not function. Live paths are wired; gated services are labelled as mocks — nothing is overstated.