By 
American multinational investment bank JPMorgan is testing the use of its private blockchain network for collateral settlements with a transfer of tokenized BlackRock money fund shares.
Source: Cointelegraph
BTCUSD is down -0.7%
The banknotes that its broader objective is to have investors forward a wide range of assets as collateral without the regular market hours. It shows equities and fixed income specifically.
JPM’s global head of trading services, Ben Challice, says that the company has achieved friction-free collateral assets instantly. The executive cited BlackRock, which has been involved in blockchain technology.
JPMorgan has been upbeat about the cryptocurrency space and the blockchain technology lately, having founded Onyx Digital Assets in late 2020. The project allows for processing, recording, and Delivery-versus-payment exchange.
The investment bank has reportedly not specified if it will use the ODA but looks geared up for the exchange of cash for multiple tokenized collateral for intraday liquidity.
Comments