
PARABOLIC BEAR
9 posts

PARABOLIC BEAR
@kryptojes
Opening breakout trader #Topstep Funded Trader https://t.co/1Al4UbFyEH


JPMorgan Chase has transformed money market fund shares into tokens to execute an over-the-counter derivatives trade between BlackRock and Barclays Bank using blockchain technology. The development answers an industry-wide appetite for frictionless transfer of collateral ownership without the hassle of moving assets using traditional means. JPMorgan's Tokenized Collateral Network (TCN) application utilises a blockchain network which sits between a collateral receiver and a collateral provider to enable the transfer of tokenized ownership interests. In the transfer between BlackRock andd Barclays #Tokenization occurred within a matter of minutes through connectivity between the fund’s Transfer Agent and TCN. 📕 finextra.com/newsarticle/43…




