JPMorgan Chase has moved further into the blockchain space with the launch of a new on-chain intraday repo solution. The "cross-digital ledger solution" was built with the help of institutional fintech firm HQLA-X and digital asset connectivity project Ownera. The tool allows repo traders to use blockchain deposit accounts on JPMorgan's dedicated Kinexys network to exchange cash held by JPMorgan for securities on the HQLAx platform, the announcement said.
The tool simplifies the entire lifecycle of repo transactions, from execution to collateral management to settlement. In addition, the product uses Ownera's global router and open FinP2P protocol to connect market participants peer-to-peer.
JPMorgan Chase Utilizes Its Custom Kinexys Blockchain to Launch On-Chain Intraday Repo Solution
2025-08-07 13:07:27
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