JPMorgan Launches On-Chain Repo Transactions on Blockchain 'Kinexys'

On the 7th, financial giant JPMorgan announced the launch of an on-chain intraday (intraday) repo solution, developed in collaboration with HQLAx and Ownera using its proprietary blockchain 'Kinexys'. Repo traders can now settle cash at JPMorgan and collateral intraday through HQLAx. Settlement and maturity times can be specified down to the minute. The first phase of the solution is already operational, with trading volumes reaching up to $1 billion (approximately 147 billion yen) per day. Further increases are expected in the future. A repo transaction, in English, is known as a Repurchas...