JPMORGAN DEBUTS TOKENIZATION PLATFORM, BLACKROCK AMONG KEY CLIENTS

Summary from the TLDR Crypto newsletter

JPMorgan has launched its Tokenized Collateral Network, a blockchain-based application for investors to transfer assets on-chain after depositing collateral backing them. It recently made its first trade with asset management company BlackRock by turning shares of a money market fund into tokens for an over-the-counter trade. The platform is designed to improve transaction efficiency and security and allows quicker collateral movement compared to traditional methods.