JPMorgan x BlackRock x Barclays

Finance

Asset exchange

Permissioned

North America

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BlackRock used JPMorgan’s Ethereum-based Onyx blockchain and its Tokenized Collateral Network (TCN) to tokenize shares in one of its money market funds. The tokens were then transferred to Barclays Plc for collateral in an over-the-counter (OTC) derivatives trade.