In the news

The round includes contributions from existing shareholders such as BNP Paribas, BNY Mellon, Citigroup, Deutsche Börse Group, Goldman Sachs and J.P. Morgan

Former J.P. Morgan global head Pitts Robinson has joined Citi as global head of securities financing product

As part of the initiative, BlackRock and Barclays are now live on TCN, an application which sits on J.P. Morgan’s Onyx Digital Assets platform, operating as a private blockchain

Ben Challice, global head of Trading Services, securities finance, J.P. Morgan Chase, is to depart from the firm after six years of service

Koko Deng, former associate for CPP Investments, joins J.P. Morgan’s prime finance margin trading team

Brendan McCarthy, former J.P. Morgan executive director, brings more than 30 years of industry experience to Deutsche Bank’s agency securities lending team

The collaboration aims to enhance J.P. Morgan’s securities agency lending offering with Sharegain’s SLTech solution, improving accessibility to wealth managers and online broker participants

Former J.P. Morgan veteran Mike Reece has joined Euroclear’s Collateral Highway management team as head of collateral management client services and operations

Ed Hochstadter, former J.P. Morgan veteran, joins Wematch as head of securities-based lending sales and coverage for North America, where he will focus on developing US securities lending coverage and product development

DBS has become the first bank in Asia to complete an intraday repurchase transaction on J.P. Morgan’s intraday repurchase application via Onyx Digital Assets

John Moran, former head of securities finance business development at BNY Mellon, has been appointed APAC head of client services at J.P. Morgan, bolstering the firm’s collateral team

This simulated transaction demonstrated how securities ownership rights recorded on HQLA^X’s DLT-based ledger could be exchanged simultaneously against digital cash recorded on J.P. Morgan’s DLT-based book of record