JPMorgan Chase & Co. has launched its new blockchain-based Tokenized Collateral Network (TCN) app, which is used by BlackRock Inc. as a client.
From now on, clients will be able to use tokenized assets as collateral.
JPMorgan and the blockchain-based Tokenized Collateral Network (TCN)
JPMorgan Chase & Co. has launched the first blockchain-based collateral settlement for clients.
JPMorgan has gone live with its first collateral settlement for clients using blockchain, as the largest US bank by assets pushes ahead with commercial applications built on the technology at crypto’s core https://t.co/AQrIFxRR5r
— Bloomberg Crypto (@crypto) October 11, 2023
“JPMorgan has launched the first collateral settlement for clients, using blockchain, as the largest U.S. bank by assets pushes commercial applications built on the technology behind cryptocurrency.”
This is the Tokenized Collateral Network (TCN) application, which allowed BlackRock Inc to convert shares in one of i
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