BlackRock used tokenized shares from one of its money market funds as collateral in a derivatives transaction with Barclays, leveraging JPMorgan’s newly introduced Tokenized Collateral Network (TCN), a blockchain-driven collateral settlement platform, per a Bloomberg report on Oct. 11. Tyrone Lobban, the head of Onyx Digital Assets at JPMorgan, emphasized that the transactions were “instantaneous,” eliminating the […]
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BlackRock leverages JPMorgan’s new blockchain tools for instant collateral settlement with Barclay’s