JP Morgan Chase completes real-time buyout of blockchain-based industries

JP Morgan announced that it has completed the blockchain-based real-time buyback exchange. Trading uses a blockchain application developed by JPMorgan Chase and completed by broker and bank. According to authorities, the use of blockchain allows borrowers and lenders to conduct short-term intraday repurchase transactions via synchronized real-time settlement, creating a new way to secure intraday liquidity. The proof and the cash of the buyback order was decided using the blockchain and the cash used the JPM coins. In October of this year, JPMorgan Chase launched Onyx, a new division for blockchain and digital assets. The daily redemption app is used on a platform developed by Onyx and uses JPM coins as cash.