2022-05-23
If I understand correctly, the main objective of JPMorgan's blockchain project is regulatory arbitrage in repo market. Tokenization of high quality collateral will work until authorities will require real-time checking. https://www.ft.com/...
Financial Times
BNP Paribas joins JPMorgan's blockchain-based Onyx network for the repurchase market, which has facilitated $300B+ in deals since December
BNP Paribas joins JPMorgan-powered platform that has traded more $300bn of intraday repo deals — BNP Paribas has joined JPMorgan in using digital tokens …