American banking giant JP Morgan has launched its in-house blockchain collateralization platform, called Tokenized Collateral Network (TCN). The platform allows investors to use assets as collateral by transferring ownership through blockchain technology. TCN recently settled its first trade for asset management giant BlackRock, converting shares of a money market fund into digital tokens. The use of decentralized technology has made the process faster, more secure, and more efficient. The platform aims to streamline and scale the settlement process for traditional assets on a blockchain. JP Morgan’s TCN platform unlocks capital that was previously locked up, allowing it to be used as collateral in ongoing transactions. The platform enables the creation, transfer, and settlement of tokenized traditional assets, facilitating the movement of collateral almost instantly. Clients can access intraday liquidity through secured repo transactions using tokenized collateral, reducing reliance on expensive unsecured credit lines. JP Morgan has been actively involved in testing and launching various blockchain and crypto-centered services, demonstrating its evolving stance towards decentralized technologies.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	positive
Relevance Score	1
People	Tyrone Lobban
Companies	JP Morgan, Barclays Plc, BlackRock, Onyx Digital Assets
Currencies	None Trading
Securities	None