BlackRock has utilized JPMorgan’s new blockchain tools to facilitate instant collateral settlement with Barclays. The transaction involved tokenized shares from one of BlackRock’s money market funds, leveraging JPMorgan’s Tokenized Collateral Network (TCN). This blockchain-driven platform allows for efficient and instantaneous transactions, eliminating the delays associated with traditional methods. JPMorgan plans to expand the supported assets on the network to include equities and fixed income, offering institutions a wider scope of assets to meet collateral requirements. The successful BlackRock-Barclays transaction highlights the increasing acceptance of blockchain technology in the financial industry. Other traditional financial institutions, such as the London Stock Exchange and Swift, have also embraced blockchain for trading platforms and tokenization experiments.

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Information	Details
Geography	Europe
Countries	🇬🇧
Sentiment	neutral
Relevance Score	1
People	Tyrone Lobban, Ed Bond
Companies	Barclays, Swift, JPMorgan, BlackRock, London Stock Exchange (LSE) Group
Currencies	None
Securities	None