Bitcoin.com
2023-10-13 03:30:04

JPMorgan’s Tokenized Collateral Network Facilitates Blackrock-Barclays Trade

Banking giant JPMorgan Chase has debuted its blockchain-based collateral settlement system. Blackrock became the first client to use JPMorgan’s Tokenized Collateral Network (TCN). The world’s largest asset manager used the system to convert shares in one of its money market funds into digital tokens, which it then used as collateral in an over-the-counter derivatives trade

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