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JPMorgan Develops New Blockchain-Based Solution For Derivatives
Summary: JPMorgan, the major global investment bank, has created a new blockchain-based solution for derivatives intended to speed up cash and collateral transfers. JPMorgan developed the tool in partnership with California-based fintech firm Baton Systems. The firm announced that the goal of this tool is to enable the real-time movement of transfers to multiple clearinghouses. The ...
JPMorgan, the major global investment bank, has created a new blockchain-based solution for derivatives intended to speed up cash and collateral transfers.
JPMorgan developed the tool in partnership with California-based fintech firm Baton Systems. The firm announced that the goal of this tool is to enable the real-time movement of transfers to multiple clearinghouses.
The current procedure involves collateral custodians manually coordinating multiple systems and reports. In using JPMorgan’s proprietary automation system the company supposedly eliminates manual intervention in the collateral process thus speeding up the collateral workflow.
By Roland James
Tags: Automation,Baton Systems,Blockchain,JPMorgan
Link: JPMorgan Develops New Blockchain-Based Solution For Derivatives [Copy]
