Quincy US municipal bond issued on JP Morgan’s Onyx blockchain
The City of Quincy on the outskirts of Boston Massachusetts has issued a $10 million municipal bond using blockchain. JP Morgan was the sole underwriter of the tax-exempt seven year bonds and the issuance used the Onyx private permissioned blockchain. This isn’t the first time JP Morgan has used distributed ledger technology (DLT) for debt issuance. In 2018 it issued a Yankee certificate of deposit for the […]
How tokenisation can unlock $19tn in dormant collateral: ‘This is a giant that’s sleeping’
Analysts say banks post too much collateral to satisfy regulators. Tokenisation of financial instruments could free this locked-up liquidity, regulators said during an event hosted by DL News. Bitcoin spot exchange-traded funds have seen billions of dollars in inflows since they launched in January. But — as BlackRock CEO Larry Fink believes — that’s just […]
