JP Morgan conducted its first blockchain-based collateral settlement transactions with BlackRock and Barclays using the Ethereum-based Onyx blockchain and Tokenized Collateral Network (TCN).
This innovative transaction involved the tokenization of BlackRock shares of a money market fund, which were directly used as collateral in derivatives trades with Barclays.
This innovative transaction involved the tokenization of BlackRock shares of a money market fund, which were directly used as collateral in derivatives trades with Barclays.