Fintech consulting firm Broadridge says it processes $50 billion in repurchase agreements involving big banks on a daily basis on its license-only DLR platform. Europe-focused securities finance private blockchain firm HQLAx says its platform can save banks up to 100 million euros ($107 million) a year. More than $1.50 trillion a month in repurchase agreements and other forms of securities financing are executed using private blockchains.
JPMorgan reportedly processes up to $2 billion a day in transactions on its Onyx blockchain, which allows its clients to "settle billions of dollars' worth of repo transactions in minutes, using smart contracts to mark and deliver cash and collateral on a single ledger".
Private blockchain processes over $1.50 trillion in securities financing per month
2024-06-24 10:04:22
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