JPMorgan Chase trials using its own blockchain for collateral settlement.
According to Bloomberg, JPMorgan conducted a pilot transaction on May 20, which saw two of its entities transfer a tokenized representation of Black Rock Inc. money market fund shares.
“What we’ve achieved is the friction-less transfer of collateral assets on an instantaneous basis,” stated JPMorgan’s global head of trading services Ben Challice. BlackRock wasn’t a counterparty, but it has been heavily involved in the initiative “since day one and are exploring use of this technology.”for quite some time now and also founded Onyx Digital Assets in late 2020.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
JPMorgan Trials Blockchain For Collateral Settlements, Possible DeFi BridgeWall Street banking giant JPMorgan Chase is testing a blockchain use case for collateral settlements in after-hours trading.
Les mer »
Closing arguments underway in Johnny Depp and Amber Heard defamation trialAfter more than 100 hours of testimony over six weeks, closing arguments have begun in the defamation trial between Johnny Depp and Amber Heard.
Les mer »
Jill Duggar is ‘processing’ brother Josh Duggar’s child porn sentencingJosh was found guilty of possessing and receiving child pornography in December 2021 after a six-day trial where the jury deliberated for seven hours.
Les mer »
Two key takeaways from Nansen’s UST stablecoin depeg reportAs the dust settles after the collapse of the Terra ecosystem, blockchain analytics firm nansen_ai notes two major takeaways. (Reporting via gazza_jenks)
Les mer »