BNY Mellon

J.P. Morgan Executes Intraday Repo Transaction Using Blockchain

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J.P. Morgan (NYSE: JPM) announced it completed a live, blockchain-based intraday repo transaction. The transaction was successfully conducted between J.P. Morgan’s broker dealer and banking entity, using an in-house developed blockchain application which supported instantaneous settlement and maturity of the transaction in hours, as opposed to days.

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