PANews August 7 news, according to The Block report, JPMorgan has launched an on-chain repo solution based on its self-developed Kinexys blockchain network. This tool allows traders to exchange cash with securities on the HQLAx platform through JPMorgan's blockchain deposit accounts, achieving settlement in minutes. The product was developed with the assistance of HQLA-X and Ownera, and has achieved a single-day trading volume of up to $1 billion. The platform also supports multiple trading venues, collateral sources, and future expansion to digital cash tools such as stablecoins and central bank digital currencies.
