JPMorgan Launches On-Chain Intraday Repo Solution
According to ChainCatcher, as reported by The Block, JPMorgan has launched a brand-new on-chain intraday repo solution.
This "cross-digital ledger solution" was developed with the assistance of institutional fintech firm HQLA-X and the digital asset interoperability project Ownera. The tool enables repo traders to use blockchain deposit accounts on JPMorgan's proprietary Kinexys network to exchange cash held by JPMorgan for securities on the HQLAx platform, with settlement and maturity times accurate to the minute.
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