JPMorgan said that it will allow investors to pledge a wide range of assets as collateral, via its private blockchain.
JPMorgan’s blockchain network serves as a bridge connecting institutional investors and decentralized finance (DeFi) platforms in the crypto economy.
Last week on May 20, Wall Street banking giant JPMorgan successfully conducted a pilot test for collateral settlements over its private blockchain network. The company is reportedly leveraging its blockchain platform for trading traditional financial assets.
Last week, two of JPMorgan’s entities transferred the token representation of BlackRock Inc. Money market fund shares as collateral using its private blockchain network. The banking giant said that this experiment will allow investors to pledge a wide range of assets as collateral. Besides, they can also use them outside the operating market hours.
Blockchain-based collateral settlements are possible with transacting derivatives, repo trading, as well as securi
