JPMorgan has launched its tokenization platform, the Tokenized Collateral Network (TCN), on its Onyx blockchain. The platform aims to streamline securities settlement between major institutions by tokenizing assets on a blockchain. TCN recently settled its first trade between BlackRock and Barclays, allowing for instant transfer of collateral instead of the usual day-long process. BlackRock used TCN to tokenize shares in one of its money market funds and transfer them to Barclays as collateral for an over-the-counter derivatives trade. JPMorgan plans to expand the range of assets used as collateral, including equities and fixed income. This launch follows JPMorgan’s introduction of its JPM Coin digital currency, which has facilitated over $300 billion in transactions since its launch in 2019.

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Information	Details
Geography	North America
Countries
Sentiment	neutral
Relevance Score	1
People	Tom McGrath
Companies	Barclays, JPMorgan, BlackRock, Onyx blockchain, Tokenized Collateral Network (TCN)
Currencies	None
Securities	None