Goldman Begins Trading on JPMorgan’s Repo Blockchain Network

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Goldman Begins Trading on JPMorgan’s Repo Blockchain Network

Bloomberg2021-06-23

(Bloomberg) -- Goldman Sachs Group Inc. has joined the blockchain-based network created by JPMorgan Chase & Co. for repurchase agreements that use smart contracts and a digitized version of the U.S. ...

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Comment（8）

Babaluke
·2021-06-23
Cool
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GoLUCK
·2021-06-23
Ok
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huathuatkiak
·2021-06-23
Ok
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BBBBBBBBBB
·2021-06-23
Like n comment pls
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4
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- Dollarvan:
  Like n comment thanks
  2021-06-23
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Trader12
·2021-06-23
Great
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1
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Amelia451
·2021-06-23
Great!
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- Vin309:
  Great
  2021-06-23
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MayLP
·2021-06-23
Hope this is good news for Crypto..
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- Hiroyoki:
  Woah
  2021-06-23
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Stevenzt
·2021-06-23
interesting
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- Hewboon:
  Commented
  2021-06-23
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- Bibi1216:
  ??
  2021-06-23
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He declined to give the value of the trade.\n“We see this as a pivotal moment for the digitization of transactional activity,” McDermott said Tuesday in an interview. Unlike in the traditional repo market, the exact amount of time the banks took to complete the transaction was quantifiable. In this case, it was 3 hours and 5 minutes.\nKnowing the precise time is a big step up from the current market, as is the way the collateral and cash are interchanged simultaneously and immediately, McDermott said.\n“We pay interest per the minute,” he said. “We firmly think this will change the nature of the intraday marketplace.”\nRead more: JPMorgan Using Blockchain to Move Billions in Repo-Market Trades\nJPMorgan created the new repo market using its version of the Ethereum blockchain, with its first trades in December. It has since gone on to trade more than $1 billion a day through its Onyx blockchain platform. 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Arca is offering digital shares in a U.S. Treasury fund, showing that distributed-ledger technology can help streamline finance.\nMcDermott said Goldman Sachs’s participation in the JPMorgan market fits in broadly with how it’s thinking about enterprise blockchain, a system where all participants are known to one another.\n“There’s the growing focus on the potential of this technology,” he said. Then he added something rarely heard from rival bankers:\n“It’s been great working with JPMorgan and BNY on 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n comment pls&nbsp;","listText":"Like n comment pls&nbsp;","text":"Like n comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/123606459","repostId":2145066250,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4968399,"gmtCreate":1624419462598,"gmtModify":1663229778842,"authorId":3555014251535651,"author":{"id":3555014251535651,"idStr":"3555014251535651","authorId":3555014251535651,"name":"Dollarvan","avatar":"https://static.tigerbbs.com/0316ab12b442ee2cd79936de06de5089","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-2","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Executive Tiger","description":"The transaction amount of the securities account reaches 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thanks"}],"langContent":"EN"},{"id":123874371,"gmtCreate":1624418560293,"gmtModify":1703836082317,"author":{"id":"3583066640460328","authorId":"3583066640460328","name":"Trader12","avatar":"https://static.tigerbbs.com/81188fd05efe81b5dffcf6fbc5544145","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3583066640460328","authorIdStr":"3583066640460328"},"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123874371","repostId":2145066250,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":123872057,"gmtCreate":1624418446379,"gmtModify":1703836080187,"author":{"id":"3571810524567535","authorId":"3571810524567535","name":"Amelia451","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3571810524567535","authorIdStr":"3571810524567535"},"htmlText":"Great!","listText":"Great!","text":"Great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/123872057","repostId":2145066250,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4968460,"gmtCreate":1624419675570,"gmtModify":1663229781739,"authorId":3555908735229300,"author":{"id":3555908735229300,"idStr":"3555908735229300","authorId":3555908735229300,"name":"Vin309","avatar":"https://static.tigerbbs.com/9ca4de1ca05f1d625f1bcdbc1d790726","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":123872057,"type":1,"supId":0,"prevId":0,"content":"Great","text":"Great","html":"Great"}],"langContent":"EN"},{"id":123879883,"gmtCreate":1624418217642,"gmtModify":1703836072503,"author":{"id":"4087126105797650","authorId":"4087126105797650","name":"MayLP","avatar":"https://static.tigerbbs.com/93ef48e8bd739dcb0c63d8dc9c857454","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087126105797650","authorIdStr":"4087126105797650"},"htmlText":"Hope this is good news for Crypto..&nbsp;","listText":"Hope this is good news for Crypto..&nbsp;","text":"Hope this is good news for Crypto..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/123879883","repostId":2145066250,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4969297,"gmtCreate":1624423053016,"gmtModify":1663229787429,"authorId":3549608676655694,"author":{"id":3549608676655694,"idStr":"3549608676655694","authorId":3549608676655694,"name":"Hiroyoki","avatar":"https://static.tigerbbs.com/f32c1c12e4360d2df0d34e96ad8cfe9f","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":123879883,"type":1,"supId":0,"prevId":0,"content":"Woah","text":"Woah","html":"Woah"}],"langContent":"EN"},{"id":123870971,"gmtCreate":1624418144293,"gmtModify":1703836070701,"author":{"id":"3582518022206406","authorId":"3582518022206406","name":"Stevenzt","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3582518022206406","authorIdStr":"3582518022206406"},"htmlText":"interesting","listText":"interesting","text":"interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/123870971","repostId":2145066250,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4968076,"gmtCreate":1624418419635,"gmtModify":1663229776342,"authorId":3586767743717067,"author":{"id":3586767743717067,"idStr":"3586767743717067","authorId":3586767743717067,"name":"Hewboon","avatar":"https://static.tigerbbs.com/e7155ba9b0f2f8bfbf6e255edee57d7b","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":123870971,"type":1,"supId":0,"prevId":0,"content":"Commented","text":"Commented","html":"Commented"},{"id":4968223,"gmtCreate":1624418875116,"gmtModify":1663229776135,"authorId":3574984969067810,"author":{"id":3574984969067810,"idStr":"3574984969067810","authorId":3574984969067810,"name":"Bibi1216","avatar":"https://static.tigerbbs.com/b1a8ad3ac8b4cea5c55d66b9d4074e15","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":123870971,"type":1,"supId":4968076,"prevId":0,"content":"??","text":"??","html":"??"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":75,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}