3 years ago
Jamie Crawley is simply a CoinDesk quality newsman based successful London.
French banking elephantine BNP Paribas (EPA) has joined JPMorgan's (JPM) blockchain-based web for fixed income marketplace trading, according to a study by the Financial Times.
The Onyx Digital Assets web uses tokens for short-term trading successful fixed income markets, enabling investors to lend retired assets for arsenic small arsenic a fewer hours without them really leaving their equilibrium sheets.
Three quarters of deals connected the repurchase - oregon "repo" - marketplace are backed by authorities bonds, meaning it is 1 of the astir important sources of collateral for banks to money their equilibrium sheets.
Some $300 cardinal of intraday repo deals person been conducted connected the Onyx web since its motorboat successful 2020.
JPMorgan and BNP Paribas were not disposable for remark astatine property time.
"We spot this arsenic portion of our efforts to utilise the exertion for the full trading and operations lifecycle arsenic the marketplace evolves,” Joe Bonnaud, planetary markets main operating serviceman for BNP Paribas said, successful the study published connected Monday.
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Jamie Crawley is simply a CoinDesk quality newsman based successful London.
Jamie Crawley is simply a CoinDesk quality newsman based successful London.
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