JPMorgan Chase launches on chain intraday repurchase solution, built with assistance from HQLA-X and Ownera

According to Foresight News, JPMorgan Chase has launched a new on chain intraday repurchase solution. The 'Cross Digital Ledger Solution' was built with the assistance of institutional fintech company HQLA-X and digital asset interconnectivity project Owner A. This tool allows repurchase traders to use a blockchain deposit account on JPMorgan's dedicated Kinexys network to exchange cash held by JPMorgan into securities on the HQLAx platform, with settlement and maturity times accurate to minutes.