J.P. Morgan, HQLAx and Ownera Launch Intraday Repo Solution, With $5bn Traded in the First Month
JP Morgan, hqlaX And Ownera announce the launch of their cross-Ledger frame of reference. Reappearance traders are now able to exchange species at JP Morgan and guarantees in HQLAX Intraday, with regulation and maturity times specified per minute.
Although digital solutions have recently acquired importance on the market, it is necessary for interoperability and precise cash and securities settlement. Ownera market main routing technology has enabled JP Morgan and HQLAXTo orchestrate the full life cycle of repo transactions, execution via the delivery guarantee exchange for payment (DVP) warranty and cash on large book platforms with specific regulations, which can help participants optimize their intraday liquidity. Owera routers connect participants in the market between peers using the Open Finp2P protocol, offering an application layer orchestration on digital platforms.
The first phase of the solution is now live with executed transactions reaching up to $ 1 billion in volume of negotiation per day, with future growth in the planned volume. The solution facilitates the exchange of ownership of the titles on the HQLAXThe cash platform has set up on the request for digital funding JP Morgan via blockchain deposit accounts on Kinexys from JP Morgan.
The full potential of the solution lies in its scalability because digital solutions are gaining ground on the institutional financial markets. Designed from the start to operate at an industry level level, the platform reduces market fragmentation by supporting a potential future extension to multiple negotiations, collateral sources and digital cash instruments – potentially including deposit tokens, stablescoins and emerging solutions of digital money from the central bank.
Friend Ben-David, CEO and founder of Ownera commented: “It was a privilege to work with JP Morgan and HqlaX – Two exceptional organizations – to provide this solution to production. Intraday Repo represents one of the clearest and most convincing use cases for token workers, and reaching daily trading volumes up to $ 1 billion is an exciting validation of the scalability of the model. We look forward to taking this momentum into account and expanding the solution through the wider market in an open and collaborative way. »»
Dan Phillips, executive director, digital asset markets, JP Morgan“Owera offers key public service to allow significant growth in the institutional DLT ecosystem. We can’t wait to respond more to the intraday reward needs of our customers, using new warranty pools in collaboration with the two HQLAX and owner.
Richard Glen, Architect Lead solutions, HQLAX Commented: “This solution transforms the way customers manage intraday liquidity, offering precision and speed as well as certainty and control. This is a crucial and fundamental step towards a global market for reapplementation truly interconnected and very effective. ”
About Ownera
Owera is a technological company providing interconnectivity solutions to the world of digital assets. Owera routers allow global distribution and liquidity by connecting token workers distributed by on -the -sales institutions to buy demand. The routers facilitate negotiations, orchestration and the regulations for transactions between counterparties and their various regulated service providers, in particular guards, brokers, transfer agents, cash providers, lenders and others. The Owera routers implement the Open Finp2P protocol initially developed by the company.
For more information, visit www.ownera.io
About HQLA-X
HQLA-X is an innovation company in financial technology specializing in the supply of liquidity management solutions and guarantees management for institutional customers on the global markets for securities and repo. Learn more about: www.hqla-x.com.
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