JPMorgan Reportedly Fires Up Blockchain Prowess: A Sizzling Collateral Settlement Ballet With BlackRock & Barclays
Portfolio Pulse from Nabaparna Bhattacharya
JPMorgan Chase & Co. has initiated collateral settlement for clients using its Tokenized Collateral Network (TCN), a blockchain-based system. BlackRock Inc. used TCN to convert shares from one of its money market funds into digital tokens, which were then transferred to Barclays PLC for collateral in an over-the-counter derivatives trade. JPMorgan also operates a system called JPM Coin, which facilitates wholesale clients to execute payments denominated in dollars and euros via a blockchain network.
October 11, 2023 | 11:46 am
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POSITIVE IMPACT
Barclays' use of JPMorgan's TCN for collateral settlement could streamline its processes and increase efficiency.
Barclays' use of JPMorgan's TCN for collateral settlement could streamline its processes, increase efficiency, and free up locked capital. This could potentially lead to increased business and revenue for Barclays.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
BlackRock's use of JPMorgan's TCN for collateral settlement could streamline its processes and increase efficiency.
BlackRock's use of JPMorgan's TCN for collateral settlement could streamline its processes, increase efficiency, and free up locked capital. This could potentially lead to increased business and revenue for BlackRock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
JPMorgan's use of blockchain technology for collateral settlement could streamline processes and increase efficiency.
The use of blockchain technology for collateral settlement could streamline processes, increase efficiency, and free up locked capital. This could potentially lead to increased business and revenue for JPMorgan.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100