Express

JP Morgan Conducts Blockchain-Based Repo Transaction

Emily Mason

Summary: JP Morgan announced on Thursday that the bank conducted a blockchain-based repo transaction leveraging the JPMorgan coin. The repo market is where banks go to borrow money from other financial institutions to cover operating costs. The repo market is known for operating slowly. JP Morgan's transaction was between its broker dealer and banking entity. Conducting ...

JP Morgan announced on Thursday that the bank conducted a blockchain-based repo transaction leveraging the JPMorgan coin.

The repo market is where banks go to borrow money from other financial institutions to cover operating costs. The repo market is known for operating slowly. JP Morgan's transaction was between its broker dealer and banking entity. Conducting the transaction on blockchain allowed for instantaneous settlement and maturity of the transaction in hours, rather than days. 

By Emily Mason

Last Update:

Tags: ,,
Link: JP Morgan Conducts Blockchain-Based Repo Transaction   [Copy]
Next:

Related Articles

  • The Road to 2026: Where Is the Web3 Ecosystem Heading Next? 10 days ago
  • Vishwa Advances Agentic Infrastructure Research Through Contribution to Emerging Framew... 26 days ago
  • BitMart US Launches Operations with 49-State Licensing and Zero-Fee Program November 17, 2025
  • Global Financial Giants Enter Stablecoin Arena in Pivotal Shift October 30, 2025
  • CRYPTO'S NEW PLAY: 24/7 STOCK TRADING October 29, 2025

    • You need to login to comment.